Tsingtao Brewery jumped 4.29 per cent to HK$32.8 after saying its second largest shareholder Asahi is considering selling part or all of its stake in the company – a move that comes after China’s beer market experienced softening demand, as mainlanders cut back the consumption of cheap lagers, fuelled by rising personal income. Photo: AFP

Hong Kong stocks edge higher buoyed by consumer staples

Hang Seng Index ends the day ahead 0.06 per cent at 28,476.43. Tsingtao Brewery jumps 4.29pc to HK$32.80, on news Asahi considering sale

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Tsingtao Brewery jumped 4.29 per cent to HK$32.8 after saying its second largest shareholder Asahi is considering selling part or all of its stake in the company – a move that comes after China’s beer market experienced softening demand, as mainlanders cut back the consumption of cheap lagers, fuelled by rising personal income. Photo: AFP
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