Hong Kong stocks hit four-month high

Hong Kong stocks hit a four-month high on Thursday with mainland companies outperforming, as expectations of further yuan depreciation continued to nudge Chinese investors into the city's stocks. The benchmark Hang Seng index reached an intraday high of 23,644.63 points, the highest since October 11, 2016.
The index closed up 0.2 percent to 23,525.14, while the Hong Kong China Enterprises Index settled at its highest level since November 2015, rising 1.2 percent, at 10,075.17 points. Nearly all sectors gained ground at the close, with industrial stocks among the best performers.