Hong Kong Shares Gain Amid Positive Earnings -- Market Talk

Dow Jones02-22

0914 GMT - Hong Kong shares ended higher for a third consecutive day, supported by earnings beats, higher oil prices and positive sentiment from Beijing's efforts to restore investor confidence. Trip.com added 7.3% after strong earnings, while Lenovo gained 3.3% after it reported a revenue rise for the first time since 2022. Energy majors gained, supported by high demand and tensions in the Middle East, with PetroChina adding 5.7%, CNOOC rising 5.85% and China Petroleum & Chemical gaining 3.45%. HSBC dropped 1.1%, taking two-day losses to 4.9% after it reported mixed earnings. The Hang Seng Index closed 1.45% higher at 16742.95, taking this week gain to 2.47%. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

February 22, 2024 04:14 ET (09:14 GMT)

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