Hong Kong shares rise to nine-month high

13 Aug, 2016

Hong Kong shares powered to a nine-month high on Friday, taking cues from Wall Street's records overnight, with energy shares leading the charge on higher oil prices. The benchmark Hang Seng index rose 0.8 percent, to 22,766.91, while the China Enterprises Index gained 1.4 percent, to 9,554.85 points.
For the week, HSI gained 2.8 percent while HSCE jumped 4.6 percent.
Sentiment was lifted by overnight performance in US stocks. The S&P 500, the Dow Jones Industrial Average and Nasdaq all closed at historic highs on Thursday for the first time since 1999, on higher crude oil and upbeat corporate results.
Nearly all sectors rose on Friday, with an index tracking energy stocks up 1.8 percent.

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