Hong Kong'a key index posts strong gain

Comment on this story

Hong Kong - Hong Kong's benchmark index produced its best week in more than eight months on Friday, although it finished slightly lower on the day due to consolidation in the financial and property sectors.

The Hang Seng Index closed down 0.1 percent at 22,712.91 points, but rose 3.9 percent in its strongest week since September 6, 2013.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was down 0.2 percent, and 2.8 percent higher on the week.

Among rising stocks in Hong Kong was property developer Greentown China Holdings Ltd, which jumped 2.8 percent after fellow developer Sunac China Holdings Ltd said it was in talks to buy 30 percent of the company.

Sunac shares were down 6.5 percent.

Property stocks erased some weekly gains as investors started to take profit, with China Overseas Land & Investment Ltd down 1.7 percent. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines