Hong Kong market rises 0.93%

The Hong Kong stock market closed sharply higher on Tuesday, 23 June 2015, propelled by hopes for a resolution to Greece's debt negotiations and on tracking intraday reversal of mainland market. The benchmark index opened slightly firmer and soared more than 300 points at one stage on hopes of the China central bank cut of reserve requirement ratio (RRR). The Hang Seng Index advanced 252.61 points or 0.93% to finish at 27333.46, off an intra-day high of 27406.41 and day low of 27008.51. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, added 225.79 points, or 1.69%, to 13609.47 points. Turnover increased to HK$136 billion from HK$90.6 billion on Monday.

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