Hong Kong shares ended higher on Wednesday, clocking a fifth straight session of gains, with investors keeping an eye on the latest developments in Sino-US trade talks. The Hang Seng index rose 0.5 percent, to 31,259.10, while the China Enterprises Index gained 0.2 percent, to 12,283.58 points.
ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China's No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter. In another sign China and the US are working to avoid escalation in trade tensions, US President Donald Trump planned to meet with his trade advisers on Tuesday to discuss China's offer to import an extra $70 billion of American goods over a year as a way to defuse a potential trade war between the world's two largest economies.
The sub-index of the Hang Seng tracking energy shares rose 0.7 percent while the IT sector rose 1.53 percent, the financial sector was 0.25 percent higher and the property sector rose 0.17 percent.