Hong Kong Stocks Stay In Black, Shanghai Slips

Hong Kong stocks eked out more gains on Wednesday morning, putting them on course for an eighth straight rise fuelled by hopes for the economic recovery from the virus crisis.

The Hang Seng Index edged up 0.1 percent, to 25,082.

Across the border, the Shanghai Composite Index lost 0.5 percent, to 2,941 while the Shenzhen Composite Index was flat, at 1,869.

Tokyo ended the morning 0.1 percent higher, while Sydney added 0.5 percent and Seoul gained 0.4 percent.

Singapore climbed 0.7 percent and Taipei put on 0.8 percent, though there were losses in Manila and Jakarta.

While markets are pushing on in Asia, the US rally stuttered with the Dow and S&P 500 dropping on Tuesday as observers begin to worry the surge since March's troughs across markets may have gone too far.

"It would be no great surprise to see a period of market consolidation now as investors await decisive news on the coronavirus front to determine the direction of the next big market moves," Paul O’Connor at Janus Henderson Investors said. (AFP)

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