Hong Kong Market climbs on stimulus hopes in China

The Hong Kong stock market surged on Tuesday, 19 January 2016, on strengthening expectations that the Chinese government will unveil more stimulus moves after weak Chinese economic data. China's economic growth eased to 6.8% in the fourth quarter from a year earlier, matching expectations but still the slowest since the global financial crisis, putting pressure on policymakers to roll out more support measures. The benchmark Hang Seng Index has gained 398.36 points, or 2.06%, to 19635.81 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 242.99 points, or 2.99%, to 8377.80 points. Turnover increased to HK$82.99 billion from HK$75 billion on Monday.

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