HK stocks closed sharply higher on Wednesday morning session in tandem with global markets on reports Euro Central Bank may buy corporate bonds, with the benchmark index extending gains by up to 309 points at one stage.
The Hang Seng Index ended up 302 points to 23,391, recovering the 10-day and 20-day moving average. The H-share index also rose 169 points to 10,445. Half-day turnover increased to HK$31.7bn from HK$27.4bn on Tuesday.
Market heavyweights were higher. China Mobile (00941) nudged up 0.44% to HK$91.6, while HSBC (00005) put on 1.09% to HK$78.6.
Macau gaming stocks were higher despite research houses expect decline in October GGR. Sands China (01928) rose 0.56% to HK$45.05 on its upbeat third quarter results. Galaxy Ent (00027) gained 0.92% to HK$49.5. MGM China (02282) added 1.32% to HK$23.1 while SJM (00880) rose 0.76% to HK$15.88. Wynn Macau (01128) was up 0.55% to HK$27.25.
Cathay Pacific (00293) shot up 3.19% to HK$14.22, making itself the largest blue-chip gainer.
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