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Hong Kong stocks rise again as China market continues to recover
by Cals Mon 13 Jul 2015, 18:44
Hong Kong stocks rise again as China market continues to recover
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By Reuters / Reuters | July 13, 2015 : 4:28 PM MYT
HONG KONG (July 13): 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.
The Hang Seng index rose 1.3 percent to end the day at 25,224.01 points, the highest close since July 6, while the[size=14]China Enterprises Index gained 1.2 percent 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 percent. It was followed by Hang Lung Properties and China Resources Power , both up 4.6 percent.
Guangzhou Automobile Group led rises in the China companies index, soaring 6.3 percent. It was followed by China Longyuan Power with a 5.4 percent increase, and Dongfeng Motor, up 4.5 percent.
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By Reuters / Reuters | July 13, 2015 : 4:28 PM MYT
HONG KONG (July 13): 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.
The Hang Seng index rose 1.3 percent to end the day at 25,224.01 points, the highest close since July 6, while the[size=14]China Enterprises Index gained 1.2 percent 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 percent. It was followed by Hang Lung Properties and China Resources Power , both up 4.6 percent.
Guangzhou Automobile Group led rises in the China companies index, soaring 6.3 percent. It was followed by China Longyuan Power with a 5.4 percent increase, and Dongfeng Motor, up 4.5 percent.
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