After falling about 1,220 points or 5% in a row for four quarters, Hang Seng rebounded today on the eve of the period, extending its rise to 264 points or 1.1% in the afternoon to $23,499 for a turnover of $557 billion.

Blue Chips shares managed by Ping'an Asset Management increased 1,080 million shares to 8 percent on Wednesday to become the best performing single shareholder (00005.HK). The share price rose further in the afternoon to 9.9% to reach $31, to $30.7, up 8.9%, and trade increased to 8,349 million shares. Hang Seng (00011.HK) rose 2.3% to $114.8.

XIAOMI -W (01810.HK) TAKAMI 20.8 AT $20.55, UP 4.2%; ALIBABA-SW (09988.HK) UP 2 PERCENT TO TOKAMI 264.6; BUT TENCENT (00700.HK) GAINED JUST 0.6 PERCENT TO TOKAMI 509.5.

Pharmaceutical and oil stocks China Petroleum (00857.HK) and Pharmaceutical Biologics (02269.HK) performed better, rising 3% and 2% to $2.4 and $181, respectively. However, Unicom (00762.HK) shed 2.6% to $51.5. In addition, utilities and real estate stocks were also generally under pressure. (sz/a) ~

ASDAK Financial News

Website: www.aastocks.com