• Most Popular
  • Most Shared

HK Hot Stocks: HSBC jumps, Zijin Mining slumps

Mon Feb 25, 2008 9:35pm EST

Stocks

   

HONG KONG, Feb 26 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:

As of 0227 GMT, the blue-chip Hang Seng Index .HSI was up 1.8 percent, tracking Wall Street gains.

The index opened up 1.3 percent at 23,564.77.

STOCKS ON THE MOVE:

* HSBC Holdings plc (0005.HK) jumped 2 percent to HK$118.9 after Standard & Poor's removed its threat to downgrade the ratings of bond insurers, easing concerns about subprime related losses at the biggest banks.

* Gold miner Zijin Mining (2899.HK) slid 4.7 percent to HK$9.72, tracking declining gold prices and following its recent run.

* China Unicom (0762.HK) climbed 3.1 percent to HK$17.94 after its Shanghai-listed affiliate, China United Telecommunications Co (Unicom) (600050.SS), said on Tuesday it had no plans to raise funds from the stock market after talk of a planned share sale sent its shares sharply lower [ID:nSHA26293].

* Ping An Insurance (2318.HK) jumped 2.7 percent to HK$57.05. China's second-largest life insurer said it will prudently consider the size and timing of a planned multi-billion dollar share sale after the country's securities watchdog warned companies against big share sales, the Shanghai Securities News reported on Tuesday [ID:nSHA29793]. (Reporting by Rita Chang; editing by Ken Wills)



More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Climate conference
    A weary trader rubs his eyes as he pauses outside the New York Stock Exchange following the end of the trading session in New York October 9, 2008. REUTERS/Mike Segar
    EXCLUSIVE:

    PIMCO finds its calling

    It made a name for itself by investing in bonds, and now PIMCO has landed in a booming $1-trillion business that, put simply, steers clients through "very hard situations."  Full Article 

    Funds
    Kenneth Feinberg, special master of executive compensation in the Troubled Asset Relief Program at the Treasury, speaks in Washington November 2, 2009. REUTERS/Joshua Roberts

    Pay cuts, round two

    Pay czar Kenneth Feinberg cracked the whip in his latest round of compensation rulings, slimming the salaries of top-tier earners at bailed-out companies.  Full Article 

    Executive compensation