HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed on Monday, shrugging off broad gains across Asia in the wake of positive cues from Wall Street on Friday, as advances by energy producers were countered by declines for insurers and Chinese banks.
The Hang Seng Index had risen less than 0.1% to 28,452.22 by midday. CNOOC jumped 3.8% and PetroChina added 2.2% to lead energy producers higher following an increase in U.S. crude oil prices on Friday. AAC Technologies Holdings advanced 2.8% and Tencent Holdings climbed 0.6% after the Nasdaq Composite jumped 2.2% to a record high. Market heavyweight Tencent is up more than 84% this year. Chinese search engine Sogou, in which Tencent is a large investor, plans to raise up to $585 million in an initial public offering in the U.S., according to a filing with the Securities and Exchange Commission.
