Hong Kong Hang Seng closes at new record high

The Hong Kong stock market finished session higher on Tuesday, 23 January 2018, in the wake of a record highs on Wall Street overnight after US Senators struck a deal to end a three-day government shutdown. The city market gathered further steam as mainland investors increased buying through the connect programmes on optimism about the outlook of global growth, relatively cheaper valuations in the city left more room for advances and corporate earnings. The optimistic sentiment was boosted after the International Monetary Fund on Monday raised its forecasts for world economic growth in both 2018 and 2019 and casino operator Wynn Macau reported a nearly threefold jump in quarterly profit. The Hang Seng Index climbed 1.7%, or 537.29 points, to 32,930.70 at the close. The Hang Seng China Enterprises index rose 2.16% to 13,490.45. So far this year, the Hang Seng index is up 10.1%, while China's H-share index is up 15%.

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