Following A-share market's uptrend, Hang Seng Index peaked at 24,501, hitting a new high since November 2010, and eventually closed at 24,428, up 212 pts or 0.88%. Hang Seng China Enterprises Index rose 79 pts or 0.72% to 11,072. Turnover increased to $85.46 billion.
Driven by the news saying that the Shanghai-Hong Kong Stock Connect will officially kick off on 13 October, HKEX (00388.HK) hit a three-year high and closed up 3.4% to $169.
Brokerage stocks also traded fairly well. SHENYIN WANGUO (00218.HK) soared 17.6% as it decided to conduct consolidation by merger with Hongyuan Securities. CGS (06881.HK), HAITONG INT'L (00665.HK) and GUOTAI JUNAN I (01788.HK) advanced 8.9%, 3.4% and 7.8% respectively. CITIC SEC (06030.HK) and HAITONG SEC (06837.HK) bounced 3.7% and 4.9% respectively.
BANKCOMM (03328.HK), after getting a Buy rating from BNP Paribas, shot up 6.2% to the year-to-date high, becoming the best blue chip. Other Chinese banking stocks also headed north. MINSHENG BANK (01988.HK) and CM BANK (03968.HK) moved up 3.6% and 1.3%. ICBC (01398.HK), planning to issue not more than RMB80 billion preferred share, rose 1.5%.
TENCENT (00700.HK) once hit the all-time high at $129.4 and ended at $128.9, up 3.2%. KINGSOFT (03888.HK) rallied 4.9%.
As A shares continued higher, X ISHARES A50 (02823.HK) mounted 2.5%. HSBC HOLDINGS (00005.HK) climbed 0.7% to $82.25. CHINA MOBILE (00941.HK) gained 1% to $84.85.
AAStocks Financial News
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