April 13 Hong Kong stocks pulled back on
Thursday in thin trading as investors were reluctant to stake
out positions amid simmering geopolitical tensions.
The benchmark Hang Seng index dropped 0.2 percent, to
24,261.66 points, while the Hong Kong China Enterprises Index
was roughly flat at 10,204.34.
Geopolitical risks around the Korean peninsula and the
Middle East checked investors' appetite for risk. South Korea
said on Thursday it believed it would be consulted by the United
States before any possible pre-emptive U.S. strike against
Markets were also pondering U.S. President Donald Trump's
comments to the Wall Street Journal that he preferred interest
rates kept low.
On the data from, China reported its overall trade surplus
rose in March after logging its first deficit in three years in
Most sectors in Hong Kong retreated at the close, with
resource stocks leading the decline. An index tracking the
sector lost 0.7 percent.
Interest-sensitive property stocks climbed to
6-1/2-month high and gained 0.5 percent at the close. Hong
Kong's currency peg to the U.S. dollar ensures that borrowing
cost closely follow that of the United States.
China Unicom Hong Kong Ltd was up around 1.9
percent on Thursday, with optimism towards the telecom
operator's restructuring reform offsetting its revenue decline
in 2016 from the previous year.
(Reporting by Jackie Cai and John Ruwitch; Editing by Shri