News Column

Hong Kong : Hong Kong - Shares snap 3 days of losses as global outlook improves

June 9, 2014

Hong Kong shares snapped a three-day losing streak on Monday after US jobs and China export data bolstered the view that the global economy is improving.

The Hang Seng Index closed up 0.7 per cent at 23,117.47 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong added 0.6 per cent.

Hong Kong property firms outperformed, buoyed by the hopes for improving house sales in the second half of the year. Henderson Land Development climbed 2.3 per cent, while Cheung Kong Holdings rose 1.0 per cent.

But a weaker Macau gaming sector capped gains. Sands China and Galaxy Entertainment Group, the two casino stocks on the Hang Seng, each sank more than 2.4 per cent.

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Source: TendersInfo (India)