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Companies & Markets

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

Published Thu, Feb 4, 2016 · 08:16 AM
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[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

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