Hong Kong stocks ended higher on Friday, as investors positioned themselves for a strong opening in mainland Chinese markets after the Lunar New Year holiday.
Mainland Chinese markets will resume trading on Monday.
“Optimism of a recovery on the continent and in the market has more or less discounted the impact of the potential US interest rate hike, encouraging investors to position themselves for a strong start in the reopening of the Chinese market,” said Steven Leung, UOB sales director Kay Hian in Hong Kong.
The Hang Seng Index closed up 0.54% at 22,688.90.
The energy stock sub-index rose 1.1%, while the IT sector gained 1.36%. The financial sector ended down 0.1%, and real estate rose 0.79%.
- In TOKYO, the Nikkei index advanced 0.07% to 27,382 points.
- In HONG KONG, the HANG SENG index rose 0.54% to 22,688 points.
- In SHANGHAI, the SSEC index was closed.
- The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, had no operations.
- In SEOUL, the KOSPI index appreciated by 0.62%, at 2,484 points.
- In TAIWAN, the TAIEX index had no operations.
- In SINGAPORE, the STRAITS TIMES index gained 0.50% to 3,394 points.
- In SYDNEY, the S&P/ASX 200 index advanced 0.34% to 7,493 points.
Source: CNN Brasil
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