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Hong Kong Market follows Wall Street rally

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Capital Market
The Hong Kong stock market ended higher on Monday, 10 July 2017, as upbeat US and Chinese data buoyed investor sentiment. Sentiment was also aided by a surge in COSCO Shipping's and Hong Kong's Orient Overseas International (OOIL) shares after the Chinese shipping giant made a $6.3 billion offer for its smaller rival on Sunday. The Hang Seng index rose 0.6%, to 25,500.06 points, while the China Enterprises Index lost 0.4%, to 10,214.58 points. Turnover increased to HK$80.2 billion from HK$70 billion on Friday.

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First Published: Jul 10 2017 | 5:37 PM IST

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