Home Stock & Shares As Shenzhen Connect launch nears, Hong Kong stocks close at 2-week high

As Shenzhen Connect launch nears, Hong Kong stocks close at 2-week high

by Jonathan Adams

Hong Kong stocks reached their highest in 1-1/2 months, with the benchmark index closing at a two-week high on Friday, partly aided by steady money inflows from China as a cross-border link will be launched soon.

The Hang Seng index rose 0.5 per cent, to 22,723.45, the highest closing since Nov. 10.

The Hong Kong China Enterprises Index, which tracks Chinese companies listed in the city, posted solid gains, rising 1.2 per cent, to 9,790.23 points, aided by a recovering mainland market.

The market has witnessed relatively strong inflows from Chinese investors via the Shanghai-Hong Kong Stock Connect, as a sister investment link connecting Hong Kong and Shenzhen will be launched soon.

Most sectors rose, with financial and consumer stocks leading the gains.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more