Hong Kong Market closes higher

The Hong Kong stock market advanced on Friday, 02 September 2016, as mainland China investors stepped up buying of shares in the city ahead of a scheme to link the Shenzhen and Hong Kong stock exchanges. But, market gains were limited as investors were awaiting the release of US August non-farm payroll report tonight. Meanwhile, market focus is set on the G20 Summit, scheduled on 4 September. The benchmark Hang Seng Index inclined 104.36 points, or 0.45%, to 23266.70 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 80.80 points, or 0.84%, to 9686.88. Turnover increased slightly to HK$80.7 billion from HK$71.4 billion on Thursday.

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