Hong Kong stocks closed mixed on Friday on less than impressive industrial data and a decrease in the urban unemployment rate, despite a growth recorded in China's industrial output and consumer goods sales.
The industrial data missing the market expectations added to the worries of investors who are already burdened with concerns regarding trade tensions with the US, and the overall economic situation of the region.
The Hang Seng Index fell marginally by 0.05%, or 9.47 points, to close Friday's session at 19,426.34. The Hang Seng China Enterprises Index, however, rose by 0.10%, or 6.98 points, to close at 6,980.06.
The National Bureau of Statistics published a series of data on Friday, including China's industrial output, which rose 5.3% year over year in October, easing from the 5.4% growth in September and missing market expectations.
The retail sales of consumer goods rose 4.8% year over year to 4.540 trillion yuan in the same month, faster than the 3.2% rise logged the previous month, while the urban unemployment rate stood at 5%, down 0.1 percentage points from September.
Fixed asset investments grew 3.4% year over year to 42.3 trillion yuan in the January-October period.
In corporate news, Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) raised HK$339.7 million in net proceeds from its Hong Kong initial public offering after pricing the shares at the bottom of the indicative price range. The hydrogen equipment producer opened at HK$82.30 per share, well above its IPO price of HK$65.0, and closed at HK$78.00 on Friday.
Tse Sui Luen Jewellery (International) (HKG:0417) reported a loss attributable to the owners of HK$43.8 million for the six months ended Sept. 30 compared with a loss of HK$58.2 million in the corresponding period of the previous year. The company's shares were down over 8% on Friday's close.
Cathay Pacific Airways (HKG:0293) will buy back about HK$6.74 billion, 2.75% in convertible bonds due 2026. The shares of the company soared over 8% on Friday's close.
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