HSI ends up 140 pts at 26,846; turnover at HK$79bn

    HK stocks closed modestly higher on Monday in cautious trade ahead of FOMC's rate decision on Wednesday. The benchmark index opened up 13 points to 26,720. It rose as much as 175 points, thanks to the early rally of CKI Holdings (01038), Power Assets (00006) and Geely Automobile (00175). But AAC Technologies (02018) softened in afternoon trade, which pared the index's gains.
  The Hang Seng Index ended up 140 points or 0.5% to 26,846. The H-share index rose 33 points or 0.3% to 10,820. Turnover decreased to HK$79 billion from HK$85 billion on Friday.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB12.794 billion, accounting for 98.42% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB9.713 billion, accounting for 92.5% of the daily allowed quota of RMB10.5 billion. 
  As for the Shenzhen-HK Connect, the northbound quota balance was RMB11.513 billion, accounting for 88.6% of the daily allowed quota of RMB13 billion. The southbound quota balance was RMB9.801 billion, accounting for 93.3% of the daily allowed quota of RMB10.5 billion.
  Tencent (00700) added 1.8% to HK$302.2 after BofAML raised its target price for the internet giant to HK$331 from HK$299, and reiterated its "buy" rating.
  AAC Technologies dipped 3.9% to HK$105 after Friday's 11% plunge as the company guided for slower revenues growth in 2Q.
  Geely soared 5.9% to HK$18.62 becoming the biggest blue-chip winner. Brilliance China Automotive (01114) soared 8.5% to HK$18.2.
  Galaxy Entertainment (00027) shot up 3.6% to HK$47.8 after JP Morgan raised its target price to HK$53.5 from HK$49. Sands China (01928) also added 1% to HK$36.35.
  CR Power (00836) expects that its interim to fall more than 70%. It fell 3% to HK$15.14.
  Both HSBC (00005) and AIA (01299) edged up 0.1% to HK$75 and HK$58.9 ahead of their earnings reports.