You are here

Hong Kong: Shares end up on energy stocks, weaker US dollar

Thursday, February 4, 2016 - 16:16

HKBloomberg0606.jpg

[HONG KONG] Hong Kong stocks rose on Thursday as energy shares surged on a rebound in oil prices, while an overnight tumble in the US dollar eased fears of capital outflows.

The Hang Seng Index rose 1.0 per cent, to 19,183.09, while the China Enterprises Index gained 1.5 per cent, to 7,974.40 points.

An index trading energy plays jumped 4.6 per cent, aided by sharp rises in oil giants PetroChina, Sinopec and CNOOC.

Sentiment was also aided by a weaker dollar. The dollar index fell to its lowest level in three months.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom