Hong Kong Stocks Eke Out Gain as Casinos Gain, Developers Drop
- Sands China, Galaxy Entertainment extend index’s best advance
- Wharf, MTR, HKEX decline after reporting lower earnings
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Hong Kong stocks edged higher, led by Macau casino operators, as a bull-market rally showed signs of exhaustion.
The Hang Seng Index rose 0.1 percent at the close, paring an advance of 0.7 percent. Sands China Ltd. and Galaxy Entertainment Group Ltd. gained the most in two weeks. Wharf Holdings Ltd., Hong Kong’s largest mall operator, dropped 1.9 percent after posting a decline in net income. MTR Corp. capped its biggest loss in almost three months after reporting lower underlying profit. The Shanghai Composite Index lost 0.2 percent.