Hong Kong Hang Seng jumps 1.35%

Hong Kong stock market closed higher for sixth straight session on Monday, 14 May 2018, as investors tracked another positive lead from Wall Street last Friday and on signs of easing trade tensions between the US and China. Ahead of high stakes trade talks taking place this week, US President Donald Trump has pledged to help Chinese telecom company ZTE Corp to "get back into business, fast". Hong Kong's first-quarter gross domestic product growth, which rose to 4.7% from a year earlier - the fastest pace since the second quarter in 2011, also acted as a catalyst. The Hang Seng Index rose 1.35%, or 419.02 points, to 31,541.08. The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese companies, gained 1.61%, or 199.25 points, to 12,544.55.

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