Comments
Hong Kong's main Hang Seng index ended above 30,000 points for the first time in 10 years, amid signs Chinese investors are stepping up buying of Hong Kong stocks.
China's H-shares index also closed up.
At close of trade, the Hang Seng index was up 185.42 points or 0.62 per cent at 30,003.49. The Hang Seng China Enterprises index rose 0.71 per cent to 11,958.63.
The sub-index of the Hang Seng tracking energy shares rose 1.5 per cent, while the IT sector dipped 0.41 per cent, the financial sector was 0.9 per cent higher and the property sector rose 0.54 per cent.
The top gainer on the Hang Seng was Want Want China Holdings Ltd up 3.66 per cent, while the biggest loser was Ping An Insurance Group Co of China Ltd , down 2.38 per cent.
China's main Shanghai Composite index closed up 0.59 per cent at 3,430.5479 points while its blue-chip CSI300 index ended up 0.25 per cent.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.54 per cent, while Japan's Nikkei index closed up 0.48 per cent.
The yuan was quoted at 6.6163 per US dollar at 08:10 GMT, 0.21 per cent firmer than the previous close of 6.6305.
So far this year, the Hang Seng index is up 35.53 per cent, while China's H-share index is up 26.4 per cent. The Hang Seng has risen 5.57 per cent this month.
The top gainers among H-shares were Air China Ltd up 7.14 per cent, followed by CRRC Corp Ltd gaining 5.41 per cent and China Minsheng Banking Corp Ltd up by 4.23 per cent.
The three biggest H-shares percentage decliners were Ping An Insurance Group Co of China Ltd which has fallen 2.38 per cent, PICC Property and Casualty Co Ltd which has lost 1.4 per cent and Huaneng Power International Inc down by 1.1 per cent.
About 2.55 billion Hang Seng index shares were traded, roughly 135.3 per cent of the market's 30-day moving average of 1.89 billion shares a day. The volume traded in the previous trading session was 2.54 billion.
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.