Daily Market Summary
Hong Kong Stock Market Summary
China allows securities investment funds for SH-HK stock link, leading gains in Hong Kong market. The HSI opened up 241 pts and the gain expanded afterwards, eventually closed at 24,855, up 368 pts. The main board turnover was HK$140.8bn.
HKEX (388) jumped 7.9% to HK$193, the steepest gain of the HSI. Mainland Banks gained. The Big 4 banks rose by a range of 1.7% to 3.2%. Mainland insurance providers generally advanced. CHINA LIFE (2628) jumped 5.4% to HK$34.05. NCL (1336) soared 6.4%. China launched the “One Belt and One Road” framework. Railway infrastructure shares advanced. CHINA RAILWAY (390) and CHINA RAIL CONS (1186) surged 19.6% and 18.7%. CHINA COMM CONS (1800) suspended at noon, with its share price up 14.5% to HK$11.42. MAAHSHAN IRON (323) jumped 12.3% to HK$2.28.



