Hong Kong shares rose on Wednesday as investors took heart from strong quarterly earnings despite signs of slowing growth in China. The Hang Seng index ended up 0.9 percent at 27,409.07 points, while the China Enterprises Index gained 0.7 percent to 10,817.88.
Shares in Cathay Pacific Airways Ltd ended up 0.9 percent. The airline, which is under strong pressure from state-supported mainland China carriers, had been due to announce first-half earnings at 12 pm Hong Kong time (0400 GMT), but had not done so as of the market's close. Hong Kong-listed shares of Chinese banks continued to build on recent robust gains even as their A-shares performed poorly.
China Construction Bank Corp rose 2.2 percent in Hong Kong, while its Shanghai-listed shares fell 0.7 percent. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 127.31.
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