Hong Kong stocks soar

02 Mar, 2017

Hong Kong shares edged higher on Wednesday, snapping a four-day losing streak, helped by better-than-expected Chinese official and private factory activity surveys. The benchmark Hang Seng index added 0.2 percent, to 23,776.49. The Hong Kong China Enterprises Index lost 0.1 percent, to 10,287.98, as investors locked in profits after sharp recent share-price gains in Hong Kong.
Linus Yip, strategist at First Shanghai Securities Ltd, said the Hong Kong market benefited from the reports on the mainland's economy but gains were limited as President Donald Trump's speech to the United States Congress contained few specifics or surprises.

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