Hong Kong Market gains 0.5%

Headline indices of the Hong Kong share market were higher on Tuesday, 21 August 2018, as risk appetite buying continued on tracking positive lead from Wall Street overnight and gain in Mainland A-share market on optimism that the U.S.-China trade talks this week might help resolve an escalating trade war. In afternoon trade, the Hang Seng Index advanced 31.61 points or 0.48% to 27,729.63. The Hang Seng China Enterprises Index added 111.30 points or 1.05% to 10,743.66. The sub-index of the Hang Seng tracking the Commerce & Industry sector inclined 0.9%, the financial sector was 0.4% up, and properties sector rose 0.2%, while Utilities sector fell 1.6%.

OFFSHORE MARKET NEWS, US stock market closed higher for a third session on Monday, as a pair of billion-dollar deals reaffirmed confidence that the U.S. economy continues its steady expansion. Optimism that progress would be made toward resolving contentious trade disputes between the U.S. and China also bolstered sentiment. The Dow Jones Industrial Average advanced 89.37 points or 0.35% to 25,758.69, the Nasdaq gained 4.68 points or 0.06% to 7,821.01 and the S&P 500 picked up 6.92 points or 0.24% to end at 2,857.05.

The major European markets ended firmly in positive territory on Monday. The DAX of Germany climbed 0.99%, the CAC of France rose 0.65% and the FTSE 100 of the U.K. gained 0.43%.

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