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Update | Hong Kong follows rebound in mainland Chinese stocks

Hang Seng Index takes cue from rally in Shanghai equites, with further gains in late trade following Greece's bailout deal with euro zone leaders

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An investor holds a board saying "government saves the market so that investors will be happy" at a stockbroking firm in Shanghai. Photo: Reuters

Rising on cue from the mainland Chinese markets, Hong Kong stocks on Monday got an extra boost in the last hour of trading after a deal was reached in Brussels to keep Greece in the euro zone.

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The Hang Seng Index finished 1.3 per cent higher at 25,224.01 points, touching an intraday high 30 minutes before the close.

The H-share index rose 1.23 per cent to 12,003.83 points, driven by a 6.31 per cent rally by carmaker GAC Group.

But turnover fell to HK$136.8 billion from Friday's HK$180.2 billion.

Only three out of the 50 stocks in the Hang Seng Index fell. Casino operator Sands China led the gainers, rising 4.74 per cent to a one-month high of HK$30.95.

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Great Wall Motor took a hard hit after it announced plans to raise 16.8 billion yuan by selling non-listed A shares to 10 or fewer investors. The stock plunged 13.29 per cent to HK$32.95 in reaction.

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