HSI ends up 202 pts at 25,630; turnover at HK$82.3bn

    HK stocks closed higher on Thursday, shrugging off Moody's downgrade of Hong Kong's rating to Aa2 from Aa1, with the benchmark index rising for five consecutive sessions following Chinese markets' rally. 
  The Hang Seng Index ended up 202 points to 25,630. The H-share index also rose 180 points to 10,571. Turnover increased to HK$82.3 billion from HK$70.07 billion on Wednesday.
  By market close, the northbound quota balance of the "Shanghai-HK Connect" program was Rmb11.925 billion, accounting for 91.7% of the daily allowed quota of Rmb13 billion. The southbound service of the Connect program is being suspended during 25-30 May. 
  As for the Shenzhen-HK Connect, the northbound quota balance was Rmb12.4 billion, accounting for 95.4% of the daily allowed quota of Rmb13 billion. The southbound service of the Connect program is being suspended during 25-30 May.
  Market heavyweights were mostly firmer. China Mobile (00941) rose 0.64% to HK$86.85, while HSBC (00005) gained 0.37% to HK$67.65.
  Chinese developers rose broadly. China Resources Land (01109) shot up 3.71% to HK$22.35, making itself the largest blue-chip gainer. China Overseas (00688) put on 2.86% to HK$23.4 while Evergrande (03333) picked up 2.4% to HK$11.94.
  Tsingtao Brewery (00168) surged 12.54% to HK$37.7 after Macquarie upgraded the stock to "outperform" from "neutral". China Resources Beer (00291) gained 1.83% to HK$20.
  Lenovo Group (00992) rallied 3.7% to HK$5.05 after the company released its earnings announcement. It turned black to US$535 million for the financial year ended 31 March 2017.