Hong Kong Stocks extends gain for the third session

The Hong Kong stock market finished higher for third straight session on Thursday, 08 December 2016, on the back of positive lead from US markets overnight. Still, the upside was limited by a softer close for mainland shares after China's foreign exchange reserves fell far more than expected in November to the lowest level in nearly six years. The reserves data also seemed to have offset any enthusiasm from solid trade numbers for the world's second-biggest economy. Most sectors rose, with industrial and resource shares leading the gains. The Hang Seng Index ended up 0.27%, or 60.92 points, to 22,861.84, while the Hang Seng China Enterprises index inclined 0.68%, or 67.24 points, to 9,896.82. Turnover increased to HK$73.5 billion from HK$62.5 billion on Wednesday.

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