Hong Kong stocks closed higher on Tuesday morning session in volatile trade. The Hang Seng Index opened up 38 points to 23,356. It then saw its gains widen amid the first presidential debate between Donald Trump and Hillary Clinton.
The HSI ended up 256 points or 1.1% to 23,574. The H-share index rose 120 points or 1.2% to 9,749. Half-day turnover increased to HK$34.1 billion from HK$31.8 billion on Monday.
The northbound quota balance of the "Shanghai-HK Connect" program was RMB13.277 billion, surpassing the daily allowed quota of RMB13 billion. It meant the sell trade value was
larger than buy order value. At 11:30 a.m., the southbound quota balance was RMB9.208 billion, accounting for 87.7% of the daily allowed quota of RMB10.5 billion.
Macau gaming counters rose across the board. Sands China (01928) led the rally. It jumped 4% to HK$33.5. Galaxy Entertainment (00027) put on 2% to HK$29. Wynn Macau (01128) gained 1% to HK$12.88.
Li & Fung (00494) also shot up 4% to HK$4.02 after the presidential debate, which analysts generally considered Clinton as the winner.
Chinese media reported that listed property developers have frequently issued bonds year-to-date, with outstanding debt approaching RMB1 trillion. Talks of tightening bond issuance looked large, but major developers shrugged off the worries. CR Land (01109) and China Overseas (00688) rose 2% and 1% to HK$22.95 and HK$26.85 respectively.
Sunac China (01918) gained 2% to HK$5.94 after the company placed 453 million shares to its chairman at a 7% premium for HK$2.8 billion.
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