[ET Net News Agency, 19 August 2019] HK stocks closed sharply higher on Monday morning
session following the strong rally of the Dow on Friday. The blue-chip index opened up 260
points to 25,994, which marked the intraday low. It then saw its gains widen to 505 points
and hit an intraday high of 26,239.
China central government published opinions supporting Shenzhen to build a pioneer
demonstration zone of socialism with Chinese characteristics, which boost both China and
HK stock markets.
The Hang Seng Index ended up 482 points or 1.9% to 26,216. The H-share index rose 136
points or 1.4% to 10,100. Half-day turnover increased to HK$51.6 billion from HK$48.7
billion on Friday.
Blue chips rose across the board. HSBC (00005) added 2.6% to HK$57.95. HKEX (00388)
bounced 2.8% to HK$251.8. Tencent (00700) rose 1.8% to HK$332.2. China Mobile (00941)
inched up 0.8% to HK$66.55. AIA (01299) put on 2.6% to HK$77.95.
Chinese developers with Shenzhen exposure soared on the news of "pioneer demonstration
zone". Kaisa Group (01638) soared 14% to HK$2.93. KWG Group (01813) surged 8.1% to
HK$6.56. Agile Group (03383) shot up 8.1% to HK$10.16. China Aoyuan (03883) climbed 7.6%
to HK$10.22. Sunac China (01918) gained 7.2% to HK$35.1. (KL)