HSI closes 0.7% up

The Hong Kong stock market closed higher on Wednesday, 03 June 2015, as investors chased for bottom fishing after data showing an improvement in the Chinese services sector. The benchmark index opened 249 points higher and pared its gains as the Shanghai market reversed its trend when the index hit an intra-day high of 4,942. The Hang Seng Index ended up 190.75 points or 0.69% to 27357.47, off an intra-day high of 27767.23 and day low of 27508.84. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 86.69 points, or 0.61%, to 14114.94 points. Turnover increased to HK$150.55 billion from HK$146.49 billion on Tuesday.

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