Asian mar­kets up; what about A shares?

China Daily (Canada) - - VIEWS - By LI XIANG lix­i­ang@chi­nadaily.com.cn

The Hong Kong stock mar­ket rose on Wed­nes­day led by the gains of main­land fi­nan­cial and en­ergy com­pa­nies, show­ing im­proved in­vestor sen­ti­ment af­ter the wild swings trig­gered by sharp mar­ket falls in the United States ear­lier this month.

The Hang Seng In­dex gained 1.8 per­cent while the Hang Seng China En­ter­prises In­dex, which tracks large-cap main­land com­pa­nies, rose 2.3 per­cent. Agri­cul­tural Bank of China surged 4.2 per­cent and China Pe­tro­leum & Chem­i­cal Corp was up 3.7 per­cent at the close.

The rally of the Hong Kong mar­ket as well as the Ja­panese and South Korean eq­ui­ties on Wed­nes­day in­di­cated an im­proved in­vestor mood in Asia af­ter the sharp cor­rec­tions of US eq­ui­ties prompted sub­stan­tial global sell­ing.

In­vestors are closely watch­ing how the Shang­hai and Shen­zhen mar­kets on the Chi­nese main­land will per­form in the first trad­ing day of the Year of the Dog as the main­land mar­kets will re­sume trad­ing on Thurs­day af­ter the week-long Lu­nar New Year hol­i­day.

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