Press Releases in Hong Kong

HK stocks mark best day in 2 months as inflation worries ease

Hong Kong stocks rose on Tuesday, posting their best session in nearly two months, as fears around inflation faded, while solid gains on the mainland also boosted risk appetite.

At the close of trade, the Hang Seng index was up 1.75 percent at 28,910.86, marking its biggest daily percentage gain since April 1. The Hang Seng China Enterprises index rose 1.42 percent to 10,792.63.

The sub-index of the Hang Seng tracking energy shares rose 1.2 percent, while the IT sector rose 1.97 percent, the financial sector ended 1.42 percent higher and the property sector rose 0.6 percent.

The top gainer on the Hang Seng was WuXi Biologics (Cayman) Inc, which gained 5.92 percent, while the biggest loser was Sino Biopharmaceutical Ltd, which fell 2.87 percent.