HSI gains ground despite Asia sell-off

Hong Kong stocks closed with more gains on Wednesday, marking a third straight advance, despite broad selling across Asia and Wall Street with concerns about troubled property giant Evergrande easing for now.

The Hang Seng Index added 0.67 percent, or 163.11 points, to 24,663.

The Shanghai Composite Index shed 1.83 percent, or 65.92 points, to 3,536.29, while the Shenzhen Composite Index on China’s second exchange dropped 2.29 percent, or 55.04 points, to 2,347.16.

Asian markets mostly fell as investors fret over surging inflation, the end of the Federal Reserve’s financial support and a standoff in Washington that could end with a catastrophic US debt default. (AFP)