Stock & Shares

Hong Kong shares in mainland companies rise

Hong Kong shares

Hong Kong shares rose, led by gains in mainland companies for a second day, even as regional investors braced for a near-certain rate increase by the Federal Reserve next week.

The Hang Seng Index rose 0.4% to 23,694.99 at the noon break. Geely Automobile Holdings advanced 0.8% to HK$10.72 (£1.13) after it said that February sales volume jumped 167% and China Overseas Land & Investment rose 1.3% to HK$23.65 (£2.49) after saying late Monday that contracted sales in February jumped almost 50% year-on-year to HK$15 billion (£1.58 billion). The Hang Seng China Enterprises index rose 0.6%, adding to Monday’s 0.3% advance.

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The author Paul