Hang Seng ups 2% on cross-border scheme rumor

The Hong Kong stock market closed sharp higher on Friday, 15 May 2015, on expectations of money inflows from the mainland after reports that the Shenzhen-Hong Kong Stock Connect could start in mid-September or October. The Hang Seng index rose 2%, or 535.73 points, to 27,822.28, posting a 0.9% gain for the week. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 1.7%, or 233.81 points, to 14,009.76 points. Turnover rose to HK$137.8 billion from HK$126.6 billion on Thursday.

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