Times of Oman
Hong Kong shares end higher led by financials, property
August 24, 2017 | 2:00 PM
by Reuters
Image used for representational purpose. Photo: File
 
Sharelines

Hong Kong: Stocks in Hong Kong followed Asian markets higher and rose for the third session in a row on Thursday, underpinned by robust gains in financial and property stocks.

The market resumed trading after a one-day closure for a strong typhoon.

The Hang Seng index rose 0.4 percent, to 27,518.60, while the China Enterprises Index gained 0.9 percent, to 11,051.00 points.

The market drew support from other Asian bourses that shook off the risk aversion that gripped financial markets overnight after President Donald Trump's threat to shut down the U.S. government.

The financial subindex rose 0.7 percent, while that for consumer stocks was up 1.3 percent.

The real estate sector also rose strongly, with shares of Chinese developer Guangzhou R&F Properties Co. Ltd. jumping 7.3 to their highest since July 2009, bolstered by strong earnings growth.


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