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Hong Kong stocks rise for 11th straight day, reach a decade-high


Tuesday, 9 January 2018 15:57 WIB

HANG SENGSaham Hong KongHang Seng China EnterprisesIndeks Hang Seng


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Hong Kong stocks rose for the 11th straight session to a fresh 10-year high on Tuesday, aided by inbound money flows from China and strength in index heavyweight Tencent Holdings.

Chinese investors continued to pile money into Hong Kong stocks, using up nearly a quarter of the daily quota under the Shanghai-Hong Kong Stock Connect. Tencent rose for the sixth straight session, and hit a record.

At close of trade, the Hang Seng index was up 111.88 points or 0.36 percent at 31,011.41. The Hang Seng China Enterprises index rose 0.17 percent to 12,255.68.

The sub-index of the Hang Seng tracking energy shares rose 0.5 percent while the IT sector rose 1 percent, the financial sector was 0.36 percent higher and property sector rose 0.56 percent.

The top gainer on Hang Seng was Sands China Ltd up 4.89 percent, while the biggest loser was Hengan International Group Company Ltd, down 2.96 percent.

Source: Bloomberg


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