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Markets Print 2019-11-13

Hong Kong shares rise

Hong Kong stocks rebounded on Tuesday from losses incurred by escalating protests in the previous session, as the market hoped for better news on trade from US President Donald Trump.
Published November 13, 2019

Hong Kong stocks rebounded on Tuesday from losses incurred by escalating protests in the previous session, as the market hoped for better news on trade from US President Donald Trump.

At the close of trade, the Hang Seng index was up 0.5% at 27,065.28 points. The Hang Seng China Enterprises index rose 0.7%.

The sub-index of the Hang Seng tracking energy shares rose 0.2%, the IT sector gained 2.4%, and the financial sector ended 0.5% higher.

The top gainer on the Hang Seng was CITIC Ltd, which gained 3.5%, while the biggest loser was Sino Biopharmaceutical Ltd, which fell 1.6%.

The market dropped to the lowest since the start of November on Monday after a protester was shot by police and a man set on fire. While violence calmed slightly, the city remained on edge on Tuesday with rush hour transport disrupted and as police fired tear gas to disperse a flash mob.

Copyright Reuters, 2019

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