A person in a protective mask walks past the signage for Hong Kong Exchanges & Clearing Ltd. (HKEX) on display at the Exchange Square complex in Hong Kong, China on Wednesday, August 19, 2020.
Roy Liu | Bloomberg via Getty Images
Hong Kong stocks were volatile as mainland Chinese markets continued to fall on Tuesday, while other major Asian markets rose after Wall Street’s second positive session.
Hong Kong’s Hang Seng index was 0.1% lower at 15,165.59 after struggling to give direction earlier in the session, with heavyweight HSBC falling more than 5% following a decline in earnings.
The Hang Seng Tech Index was up nearly 2.96%.
Chinese technology stocks in the US and the Hang Seng index fell sharply to start the week with a turn in investor sentiment following the conclusion of the Chinese party congress and the release of a slew of delayed economic data.
Mainland China’s Shanghai Composite was roughly flat at 2,976.28, while the Shenzhen Component lost 0.512% to 10,639.82.
The Nikkei 225 added 1.02% to 27,250.28 and the Topix climbed 1.06% to 1,907.14. In Australia, the S&P/ASX 200 rose 0.28% to 6,798.60.
South Korea’s Kospi was fractionally lower at 2,235.07, while the Kosdaq gained slightly to 688.85. The broadest MSCI index of Asia-Pacific stocks outside of Japan was roughly flat.
Inflation in Singapore rose 7.5% in September, while core inflation rose 5.3%, official data showed on Tuesday.
Overnight in the US, the Dow Jones Industrial Average rose 417.06 points, or 1.3%, to close at 31,499.62. The S&P 500 rose about 1.2% and closed at 3,797.34 points. The Nasdaq Composite added nearly 0.9% to end at 10,952.61.