Sun Hung Kai Properties
HKG:0016 ISIN:HK0016000132
Sun Hung Kai Properties Limited is engaged in holding investments in various subsidiaries. The Company is engaged in the development of and investment in properties for sale and rent. In Hong Kong its operations include property development, property investment, property related businesses, telecom and information technology, and transportation, infrastructure and logistics.
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US markets closed flat overnight after a report of private-sector job losses and Federal Reserve minutes showing concern about weakness in the labour market. Asian stocks ended mostly higher Wednesday as investors were still in an upbeat mood, but China's Shanghai Composite index was 0.9 per cent lower due to worries over inflation and a possible fund raising by Bank of China.
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