Press Releases in Hong Kong

HK stocks close higher on strong mainland export data

SHANGHAI – Shares in the Hong Kong Special Administrative Region rose on Tuesday after data showed Chinese mainland’s exports grew at a faster pace in August. 

At the close of trade, the Hang Seng index was up 190.00 points or 0.73 percent at 26,353.63. The Hang Seng China Enterprises index rose 1.04 percent to 9,468.22. 

The sub-index of the Hang Seng tracking energy shares rose 1.3 percent, while the IT sector rose 2.05 percent and the financial sector ended 0.21 percent higher.

The top gainer on the Hang Seng was Li Ning Co Ltd, which gained 7.27 percent, while the biggest loser was Country Garden Holdings Co Ltd, which fell 4.06 percent. 

About 1.84 billion Hang Seng index shares were traded, roughly 85 percent of the market’s 30-day moving average of 2.17 billion shares a day. The volume traded in the previous trading session was 1.91 billion.