TC

02/07/2020 12:06

HSI ends up 361 pts at 24,788 midday; turnover at HK$89.2bn

    HK stocks closed sharply higher on Thursday morning session despite the softer close of the Dow overnight. The benchmark index opened up 136 points at 24,563, which marked an intra-day low. It then saw its gains widen to 416 points, hitting an intra-day high of 24,844.
  The Hang Seng Index ended up 361 points or 1.5% to 24,788. The H-share index rose 172 points or 0.8% to 9,931. Half-day turnover soared to HK$89.2 billion from HK$59.7 billion on Tuesday. The local market closed yesterday on a public holiday.
  Blue chips rose across the board. HSBC (00005) jumped 1.2% to HK$36.65. HKEX (00388) added 2.4% to HK$337.8. Tencent (00700) gained 2.7% to HK$512. China Mobile (00941) climbed 2.3% to HK$53.5. AIA Group (01299) put on 1.9% to HK$73.65.
  Chinese developers surged on strong house sales. China Jinmao (00817) soared 13.4% to HK$6.18. Times China (01233) shot up 12.7% to HK$16.14. Sunac China (01910) spiked 12.9% to HK$36.65. CIFI Holdings (00884) mounted 12.4% to HK$6.79. China Aoyuan (03883) swelled 9.5% to HK$10.26.

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