HONG KONG, March 3 (Reuters) - By 0238 GMT, the benchmark
Hang Seng Index had trimmed its earlier advance to a 0.02
percent gain to 20,910.18.
The China Enterprises Index of top locally listed mainland Chinese stocks was up 0.18 percent at 12,039.75.
Here are some of the stocks on the move:
* HSBC Holdings had rebounded with a 0.93 percent gain to HK$81.30 by 0220 GMT after ending down 7.04 percent in the previous session after its 2009 net profit came in below expectations.
* Standard Chartered was up 2.22 percent to HK$183.90 by 0221 GMT ahead of the release of its 2009 results later on Wednesday. The Asia-focused bank is expected to report a pre-tax profit of $5.1 billion, up 6 percent on the year.
* Europe-focused fashion retailer Esprit rose 3.02 percent to a two-week high of HK$58 as the euro rebounded from a
9
½ month low against the U.S. dollar ahead of a possible Greek debt plan.. By 0237 GMT, it had eased to HK$57.20, up 1.5 percent.
* MTR Corp rose 2.8 percent to a four-month high of HK$28 after the railway operator said a consortium comprising Wheelock Properties Ltd and New World Development had won a tender for a property development in Hong Kong, of which MTR would contribute one-third of the land costs.
In a separate statement, Wheelock Properties said it would contribute HK$5.8 billion ($747.2 million) of the total budgeted HK$11.7 billion development costs. Wheelock was up 1.73 percent by 0231 GMT and New World Development had risen 0.68 percent.
((Reporting by Donny Kwok; Editing by Chris Lewis))
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The China Enterprises Index of top locally listed mainland Chinese stocks was up 0.18 percent at 12,039.75.
Here are some of the stocks on the move:
* HSBC Holdings had rebounded with a 0.93 percent gain to HK$81.30 by 0220 GMT after ending down 7.04 percent in the previous session after its 2009 net profit came in below expectations.
* Standard Chartered was up 2.22 percent to HK$183.90 by 0221 GMT ahead of the release of its 2009 results later on Wednesday. The Asia-focused bank is expected to report a pre-tax profit of $5.1 billion, up 6 percent on the year.
* Europe-focused fashion retailer Esprit rose 3.02 percent to a two-week high of HK$58 as the euro rebounded from a
9
½ month low against the U.S. dollar ahead of a possible Greek debt plan.. By 0237 GMT, it had eased to HK$57.20, up 1.5 percent.
* MTR Corp rose 2.8 percent to a four-month high of HK$28 after the railway operator said a consortium comprising Wheelock Properties Ltd and New World Development had won a tender for a property development in Hong Kong, of which MTR would contribute one-third of the land costs.
In a separate statement, Wheelock Properties said it would contribute HK$5.8 billion ($747.2 million) of the total budgeted HK$11.7 billion development costs. Wheelock was up 1.73 percent by 0231 GMT and New World Development had risen 0.68 percent.
((Reporting by Donny Kwok; Editing by Chris Lewis))
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) ASIA-PACIFIC STOCK MARKETS: Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
