Foreign Markets


Hong Kong Stocks end higher
(16:00, 07 Jun 2023)
Hong Kong share market finished session at highest level in two weeks on Wednesday, 07 June 2023, as risk appetite returned amid expectations that Beijing will ramp up support measures to bolster its post-COVID recovery after a slump in China's external trade.

Also aiding sentiments was expectation of calming tension between the U.S. and China after the U.S. Secretary of State Antony Blinken's plan to visit China in the coming weeks.

At closing bell, the benchmark Hang Seng Index advanced 152.72 points, or 0.8%, to 19,252. The Hang Seng China Enterprises Index added 61.52 points, or 0.951.16

Among blue chips, Alibaba Group climbed 2.1% to HK$84.05 and Tencent rallied 1.3% to HK$335.60. Baidu added 2% to HK$132.40 while NetEase jumped 3.8% to HK$143.60.

Property developers extended gains. Country Garden rose 1.3% to HK$1.57, while China Resources Land added 1.1% to HK$33.30. Galaxy Entertainment added 2.61% and Sands China added 3.77% gain as Macau casino operators rallied.

Powered by Capital Market - Live News