HK stocks closed slightly higher on Monday in tandem with the US markets with the benchmark index paring early gains.
The Hang Seng Index ended up 47 points to 23,070. The H-share index also rose 61 points to 10,295. Turnover reduced to HK$53bn from HK$72.6bn on Friday.
Market heavyweights were mixed. China Mobile (00941) gained 0.98% to HK$92.85, while HSBC (00005) dipped 0.45% to HK$77.55.
Chinese banks were higher after reports indicated that the PBoC planned to inject Rmb200 billion. Bank of China (03988) and ABC (01288) put on 0.28% and 0.58% to HK$3.52 and HK$3.46. CCB (00939) and ICBC (01398) nudged up 0.36% and 0.41% to HK$5.53 and HK$4.94. CITIC Bank (00998) and Minsheng Bank (01988) gained 1.25% and 1.64% to HK$4.86 and HK$7.45.
HKEx (00388) slid 0.81% to HK$172.3 after the CSRC did not announce the launch date of the Shanghai-Hong Kong Stock Connect last Friday as expected.
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