Hang Seng rises 0.53%

Hong Kong equity market closed volatile session modest higher on Friday, 17 October 2014, as the bulls bet on the announcement of the launch date of the long-awaited mutual market access plan between HK and Shanghai. The Hang Seng Index gained 0.53% to 23023.21. The gauge capped a 0.3% weekly decline. The Hang Seng China Enterprises Index advanced 0.5% to 10234.02.

HK shares started the session with firm footing, on tracking slight gains in the U.S. stock market overnight. The blue chip shares extended its gain after the HKEx's CEO Charles Li said all preparation works on Shanghai-HK Stock Connect were ready, raising hopes that the regulators may announce the launch date of the scheme today.

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