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Hong Kong: Stocks open higher as energy firms soar

Monday, December 12, 2016 - 10:19


[HONG KONG] Energy firms surged as Hong Kong stocks opened on a positive note Monday, with traders welcoming a deal between Russia and 10 other non-Opec countries to cut oil production.

The Hang Seng Index added 0.31 per cent, or 69.48 points, to 22,830.46.

The benchmark Shanghai Composite Index was flat, edging up 0.79 points to 3,233.67, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, also barely moved, inching down 1.30 points to 2,068.71.


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