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Hong Kong, Shanghai: Stocks end up after oil agreement

Thursday, December 1, 2016 - 16:28

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[HONG KONG] Hong Kong and Shanghai stocks rose Thursday, led by energy firms as Opec's deal to cut oil output sent the price of the commodity soaring, while dealers also welcomed data pointing to a surge in Chinese factory activity.

The Hang Seng Index rose 0.39 per cent, or 88.46 points, to close at 22,878.23.

The benchmark Shanghai Composite Index increased 0.72 per cent, or 23.28 points, to 3,273.31 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.61 per cent, or 12.78 points, to 2,119.69.

AFP

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