Hong Kong stocks rise again as China market continues to recover

Tuesday, 14 July 2015 00:40 - - {{hitsCtrl.values.hits}}

Hong Kong (Reuters): Hong Kong stocks rose for a third straight day as investors cautiously built up positions, tracking a continuous recovery in mainland shares after China launched a fresh crackdown on margin lending. BUP_DFT_DFT-10-2

The Hang Seng index rose 1.3% to end the day at 25,224.01 points, the highest close since 6 July, while the China Enterprises Index gained 1.2% to close at 12,003.83 points.

China stocks, led by small caps, extended their recovery for a third day, raising hopes that measures taken by Beijing to prevent a full-blown market crash have worked.

Gaming stock Sands China led gains in the Hong Kong blue-chip index, rising 4.7%. It was followed by Hang Lung Properties and China Resources Power, both up 4.6%.

Guangzhou Automobile Group led rises in the China companies index, soaring 6.3%. It was followed by China Longyuan Power with a 5.4% increase, and Dongfeng Motor, up 4.5%.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.