close
Stock & Shares

Hong Kong shares rise, getting cues from mainland rebound

Hong Kong shares

Hong Kong shares rose on Wednesday, drawing optimism from a rebound in mainland markets, as investors there shrugged off MSCI’s decision not to add mainland shares to one of its key benchmark indexes.

But the Hong Kong market remains under pressure, with investors worried about global growth, and the prospect of Britain voting next week to leave the European Union.

The Hang Seng index rose 0.4 per cent, to 20,467.52, while the China Enterprises Index gained 0.3 per cent, to 8,609.59 points.

Index provider MSCI Inc said on Tuesday that Beijing had more work to do in liberalising its capital markets before it could add Chinese A shares to its emerging markets index, which is tracked by $1.5 trillion (£1.06 trillion) of managed assets.

The MSCI Emerging Market Index already includes some Chinese H shares listed in Hong Kong.

All main sectors in Hong Kong, except for IT stocks, rose.

Risk Warning:

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.

Paul

The author Paul