Hang Seng Index rises above 30,000 to decade-high

Hong Kong

HONG KONG'S benchmark equity gauge rose above the 30,000 level for the first time in a decade as energy producers and Chinese developers climbed.

The Hang Seng Index gained 0.6 per cent to 30,003.49 at the close. Hong Kong Exchanges & Clearing Ltd was the top performer on the day after Morgan Stanley raised its price target and turnover on the bourse climbed to a two-year high.