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Wednesday, April 16, 2014

Hong Kong Stocks Rise on U.S. Factory Data

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 10:08 PM No comments


Hong Kong stocks rose, with the benchmark index gaining for a second day, after better-than-expected U.S. industrial production boosted optimism in the world��s largest economy. Citic Pacific Ltd. led declines after agreeing to buy its parent��s financial assets.
The Hang Seng Index climbed 0.4 percent to 22,793.35 as of 9:32 a.m. in Hong Kong, with about three shares climbing for each that fell. The Hang Seng China Enterprises Index, also known as the H-share index, added 0.6 percent to 10,099.54. Markets in the city will be shut from tomorrow and reopen April 22.
The Hang Seng Index is up 2.5 percent this quarter through yesterday, the top performer for the period among developed markets from second-worst the previous three months. The H-share gauge rebounded 9.1 percent since entering a bear market on March 20 through yesterday amid speculation that China will add stimulus to stabilize the economy.
Source : Bloomberg

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