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Hong Kong: Shares end at fresh 2-year high
[HONG KONG] Hong Kong shares gained for a fourth straight session on Thursday as investors took heart from Wall Street, where shares climbed to record highs after the US Federal Reserve kept interest rates unchanged and on strong corporate earnings.
The benchmark Hang Seng Index ended 0.7 per cent higher at 27,131.17, a new 2-year high, helped by gains in technology and financial shares.
The Hang Seng China Enterprises Index was up 0.3 per cent at 10,858.19.
Technology sector heavyweight Tencent Holdings'2.5 per cent rise single-handedly pushed the sector up.
Smaller peer AAC Technologies posted minor gains.
Financial stocks HKEx and AIA Group added 2.2 per cent and 1.8 per cent, respectively.
China Mobile was the biggest drag on the benchmark, 0.4 per cent lower, and also dragged down the telecom sector.