Hang Seng rises 1.83 percent, driven by real estate
The Hong Kong stock market rose 1.83 percent today, driven by property values.
The benchmark Hang Seng Index rose 378.05 points to end today, closing at 21,046.91.
The turnover amounted to 55,120 million Hong Kong dollars (about 7,090 million dollars) over 11,000 million more than on Monday.
The four sub-indices closed higher: COMMERCE led gains on moving or 2.98 percent, the finance rose 2.15 percent, the trade and industry added 1.34 percent and the service ended a 0 , 83 percent higher.
Banking giant HSBC, which represents the largest weighting in the Hang Seng Index, rose 2.25 percent.
Benefited local property values to the stock today as Sun Hung Kai, the real estate developer Hong Kong’s largest, rose 4.12 percent, Sino Land added a 6.34 percent, Cheung Kong 2.12 percent and Henderson Land added 1.44 percent.
Sinopec, China’s top refiner, advanced 0.80 percent and PetroChina, the largest oil and gas producer, rose 1.62 percent.
The Hang Seng China Enterprises Index, measuring the behavior of Chinese values on the floor, added 219.55 points, or 2.07 percent, to close at 10,811.07.
Category: Forex
