Epic Research Singapore : Hang Seng Index

The Hang Seng Index HK:HSI +0.34% reversed course and rose 0.2% to 22,841.80, and the Hang Seng China Enterprises Index edged up 0.1%. But underperforming the market were shares of Standard Chartered PLC HK:2888 -1.55% UK:STAN -2.17% , which fell 1.6% in the wake of the bank's plan to shake up operations, with the integration of its wholesale banking and consumer banking businesses. Shares of banking firm HSBC Holdings PLC HK:5 +0.06% , however, rose 0.3%, limiting downside for the Hang Seng Index. Meanwhile, shares of Aluminum Corp. of China Ltd., or Chalco HK:2600 -1.15% ACH +0.12% CN:601600 +1.59% , shed 0.8% after aluminum producer Alcoa Inc.'s AA -4.30% quarterly results missed Wall Street expectations. On the mainland, the Shanghai Composite Index CN:SHCOMP -0.49% rose 0.3%.
 
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