Hong Kong shares snap 3 days of losses

Comment on this story

Hong Kong - Hong Kong shares snapped a three-day losing streak on Monday after US jobs and China export data bolstered the view that the global economy is improving.

The Hang Seng Index closed up 0.7 percent at 23,117.47 points.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong added 0.6 percent.

Hong Kong property firms outperformed, buoyed by the hopes for improving house sales in the second half of the year.

Henderson Land Development climbed 2.3 percent, while Cheung Kong Holdings rose 1.0 percent.

But a weaker Macau gaming sector capped gains.

Sands China and Galaxy Entertainment Group, the two casino stocks on the Hang Seng, each sank more than 2.4 percent.

The biggest percentage loser on the H-share index was Great Wall Motor, which tumbled more than 6 percent after May sales released late on Friday showed a decline of 15.7 percent from a year earlier. - 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