Hong Kong Shares Track Asian Markets Higher, Roughly Flat For The Week

Hong Kong shares rose over 1 percent on Friday as Asian markets clawed back earlier losses incurred after the European Central Bank signalled it had limited room for further policy easing.

The Hang Seng index rose 1.1 percent to 20,199.60, while the China Enterprises Index gained 1.7 percent to 8,561.37 points.

For the week, Hang Seng rose only 0.1 percent, as its month-long rally lost steam.

All main sectors rose, with resources shares leading the charge, up nearly 3 percent.

Source : Reuters


Hong Kong shares flat despite upbeat mainland markets (Review)

Hong Kong shares ended Monday roughly flat, ignoring a rally in mainland markets and on the back of rising selling pressure after the benchmark Hang Seng Index rose 10 percent over the past three weeks.

Hang Seng fell 0.1 percent, to 20,159.72, while the China Enterprises Index gained 0.8 percent, to 8,626.31 points.

Hong Hao, managing director of research at BOCOM International, said a Hong Kong rally could resume if appetite for risky assets picks up again.

Energy shares were firm on the back of a sustained rebound in oil prices.