Hong Kong Stocks Reach New Peak, China Index Aided by Q4 Growth
Thursday, 18 January 2018 15:55 WIB | MARKET UPDATE |HANG SENGSahamHongkong

Hong Kong stocks rose to a fresh peak on Thursday, led by telecommunications and financial firms.

The China Enterprises index HSCE, which tracks major Chinese firm listed in Hong Kong, extended gains after data showed China™s Q4 economic growth beats expectations. China™s economy grew 6.8 percent in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.

At close of trade, the Hang Seng index was up 138.53 points or 0.43 percent at 32,121.94. The Hang Seng China Enterprises index rose 1.76 percent to 13,094.92. The sub-index of the Hang Seng tracking energy shares rose 0.1 percent while the IT sector dipped 0.48 percent, the financial sector was 1.02 percent higher and property sector dipped 0.82 percent .

The top gainer on Hang Seng was Industrial and Commercial Bank of China Ltd up 3.6 percent, while the biggest loser was Geely Automobile Holdings Ltd, down 4.08 percent.

Source : Reuters

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