Hong Kong stocks closed a tick higher on Wednesday, while markets bet on central banks to ease policy and stave off fears of global economic slowdown amid consistent headwinds from the Sino-US trade dispute. At the close of trade, the Hang Seng index was up 0.2% at 26,270.04 points. The Hang Seng China Enterprises index ended 0.4% firmer. The sub-index for energy shares closed 0.1% down, while the IT sector settled down 0.5%, the financial sector ended 0.2% higher and the property sector closed up 0.6%.
Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.