Comments
Hong Kong shares finished up on Friday, climbing for a second day heartened by the prospect that the US interest rates will stay low for a while.
Asian share markets broadly extended gains after the Federal Reserve gave an upbeat economic assessment the day before, saying it would take a “patient’’ approach to raising rates.
It was also typical for market sentiment to have a positive tone towards the year-end, said Ben Kwong, head of research and director of KGI Asia in Hong Kong.
The Hang Seng index rose 1.3 per cent, to 23,116.63 points, while the China Enterprises Index gained 0.6 per cent, to 11,400.19 points.
For the week, the HSI fell 0.6 percent, while the HSCE rose 1.5 percent.
Among the most actively traded stocks on Hong Kong’s main board were CCT Land Holdings Ltd, unchanged at HK$0.02, G-Resources Group Ltd, up 1.7 per cent at HK$0.18, and China Construction Bank Corp, up 1.0 per cent at HK$6.12.
Chinese investment flowing from Shanghai into Hong Kong through the mutual market access pilot programme took up 0.25 billion yuan ($40.19 million) of the 10.5 billion yuan daily quota.
Total trading volume of companies included in the HSI index was 2.3 billion shares.
($1 = 6.2200 Chinese yuan)
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.