Hong Kong stocks rallied, energy firms, financial institutions led gains, consumer stocks mostly lower
MARKET STOCKS
Hong Kong stocks rallied, energy firms, financial institutions led gains, consumer stocks mostly lower
MARKET STOCKS

Hong Kong stocks rallied, energy firms, financial institutions led gains, consumer stocks mostly lower

 

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The Hang Seng Index gained 1.24% to close at 20,297, the Hang Seng China Enterprises Index up 1.5% and the Hang Seng Tech Index up 0.48%. 

Energy companies, banks, securities brokerages, insurance companies led the gains, with CNOOC hitting a new record high. Coal miners, steelmakers, gas suppliers, automakers, electric power companies, traditional Chinese medicine companies and non-ferrous metal companies were mostly higher.

Catering companies were mostly lower, with Xiabuxiabu slumping more than 11% and Jiumaojiu down 6.8%. Casino operators, airlines and semiconductors also underperformed.