STOCKS | Hong Kong ADRs Mostly Track Local Shares, With HSBC, Lenovo, and China Resources Beer Higher
Hong Kong-listed ADRs were mostly in line with their local closing prices, with HSBC, Lenovo Group and China Resources Beer among the stronger names, according to ETNet. HSBC's ADR was quoted at HK$165.15 versus a Hong Kong close of HK$163.30, while Lenovo's ADR stood at HK$32.56 against HK$31.30 and China Resources Beer at HK$18.51 versus HK$18.34. Other notable gains included China CITIC Bank, Sinopec Shanghai Petrochemical, and CNOOC-related names, while New World Development and Towngas showed larger discounts to their Hong Kong closes.
