Hong Kong stocks rose on Thursday encouraged by signs of progress in the Sino-US trade talks, easing fears of a trade war. The Hang Seng index rose 0.8 percent, to 31,512.63, while the China Enterprises Index gained 1.0 percent, to 12,407.80 points.
China's Commerce Ministry said on Thursday that the country does not want an escalation of trade frictions with the United States, and that some specific progress was made in the latest round of talks that concluded over the weekend.
The sub-index of the Hang Seng tracking energy shares rose percent while the IT sector sub-index rose 0.66 percent, the financial sector was 1.16 percent higher and the property sector rose 0.57 percent.
The top gainer on Hang Seng was Geely Automobile Holdings Ltd
up 3.66 percent, while the biggest loser was CSPC Pharmaceutical Group Ltd, down 3.12 percent.
As of the previous trading session, the Hang Seng index was up 4.48 percent this year, while China's H-share index was up 4.9 percent. As of the previous close, the Hang Seng has risen 2.59 percent this month.
Comments
Comments are closed for this article.