Hong Kong Stocks end at three-week high

The Hong Kong stock market closed at a three-week high on Thursday, 05 January 2017, on tracking the rally of the offshore RMB (CNH). The market also drew some support from improved conditions in Hong Kong's private sector as reflected by the Nikkei Purchasing Managers' Index (PMI), which in December recorded the first expansion in 22 months. All sectors advanced in the city, led by energy and raw materials stocks. Hong Kong's benchmark Hang Seng Index closed 322.22 points, or 1.46%, higher at 22,456.69. The Hang Seng China Enterprises Index, known as the H-shares index, added 157.69 points, 1.67%, to 9,598.68. Turnover increased to HK$64.6 billion from HK$52.5 billion on Wednesday.

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