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Hong Kong shares rose on Wednesday, led by energy stocks after US President Donald Trump pulled out of the Iran nuclear deal, sparking fears about global oil supplies, and pushing oil prices higher. The Hang Seng index rose 0.4 percent to 30,536.14, while the China Enterprises Index gained 0.3 percent to 12,185.44.
The sub-index of the Hang Seng tracking energy shares jumped 2.3 percent, while the IT sector rose 0.9 percent, the financial sector was 0.25 percent higher and property sector rose 0.7 percent. The top gainer on the Hang Seng was PetroChina Co Ltd up 4.39 percent, while the biggest loser was China Resources Power Holdings Co Ltd which was down 2.23 percent.
As of the previous trading session, the Hang Seng index was up 1.62 percent this year, while China's H-share index was up 3.7 percent. As of the previous close, the Hang Seng has declined 1.32 percent this month.
The top gainers among H-shares were PetroChina Co Ltd up 4.39 percent, followed by CNOOC Ltd gaining 2.27 percent and China Petroleum & Chemical Corp up by 2.2 percent.
The three biggest H-shares percentage decliners were Air China Ltd which was down 3.45 percent, Great Wall Motor Co Ltd which fell 2.0 percent and GF Securities Co Ltd down by 1.3 percent.
About 1.40 billion Hang Seng index shares were traded, roughly 86.1 percent of the market's 30-day moving average of 1.63 billion shares a day. The volume traded in the previous trading session was 1.67 billion.

Copyright Reuters, 2018

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