Hong Kong Stocks start 2017 on a high

The Hong Kong stock market closed up on the first trading day of 2017, Tuesday, 03 January 2017, with data showing a further expansion in Chinese manufacturing aiding sentiment. But gains in the city were capped by concern over a rising U.S. currency, which makes emerging markets less attractive. Most sectors rose, with property stocks leading the gains. Hong Kong's benchmark Hang Seng Index closed 149.84 points, or 0.68%, higher at 22,150.40. The Hang Seng China Enterprises Index, known as the H-shares index, added 64.68 points, 0.69%, to 9,459.55. Turnover decreased to HK$49.3 billion from HK$53.8 billion on Friday. The local market closed on Monday for New Year holiday.

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