Hong Kong shares end at new 2-year high buoyed by tech stocks

Business Thursday 20/July/2017 14:13 PM
By: Times News Service
Hong Kong shares end at new 2-year high buoyed by tech stocks

Hong Kong: Hong Kong stocks finished higher for a ninth straight session on Thursday, its longest winning streak since April 2015, as technology stocks powered through.
Speakers maker AAC Technologies, which supplies to Apple, rose 6.1 per cent to an all-time high, in line with tech stocks in the United States which broke dot-com era records on Wednesday.
Much larger sector peer, Tencent Holdings, also finished at a record high after a brief slowdown around mid-day.
The Chinese gaming and social media firm has added about 11 per cent so far since July 7 when it announced it would launch its mega-hit smartphone game in Europe and the United States this year.
The benchmark Hang Seng index ended up 0.3 per cent, or 68.05 points at 26,740.21, its highest level since June, 2015. The Hang Seng China Enterprises Index, that tracks the performance of China companies listed in Hong Kong, was 0.1 per cent, or 13.69 points, lower at 10,846.83.
Energy and industrial shares were also among the top gainers, with China Merchants Port Holdings among the top advancers with a four per cent rise.