Shanghai - Hong Kong stocks broke a four-day losing
streak and advanced on Wednesday, thanks to support from the
mainland and Wall Street.
The Hang Seng index erased some gains in the morning
session and added 0.4 percent to 21 809.80 points at the close,
after hitting the lowest in five months in the previous session.
The Hong Kong China Enterprises Index gained 0.5
percent, to 9 331.63 points.
The market got a modicum of support from the mainland,
where fears of a liquidity squeeze in China's banking system
subsided after risks from a high-profile bond scandal appeared
contained.
Sentiment was also lifted by Wall Street, where the Dow and
Nasdaq Composite climbed to record highs on Tuesday, extending a
rally fuelled by hopes of stronger economic growth during Donald
Trump's presidency.
Sectors rose across the board in Hong Kong, with service
stocks leading the gains, up more than 1 percent at the
close.