Hong Kong Market rises 1.18%

The Hong Kong stock market finished sharply higher on Tuesday, 17 May 2016, as risk appetite buying buoyed by tracking positive lead from Wall Street overnight and rally in the other Asian bourses. Meanwhile, buying momentum spirited on hopes of the upcoming launch of the "Shenzhen-HK Connect after Chairman of the National People's Congress Zhang Dejiang visited HK. Most of the sectoral indices advanced, with energy-related shares leading sectoral rally on gains in crude oil prices. The benchmark Hang Seng Index surged 234.85 points, or 1.18%, to 20118.80 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 113.17 points, or 1.36%, to 8425.78. Turnover rose to HK$59.4 billion from HK$56.4 billion on Monday.

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