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Hong Kong's key stock index climbs 1.8 percent in shortened Christmas Eve trading

Hong Kong's key stock index climbs 1.8 percent in shortened Christmas Eve trading

Hong Kong shares climbed in a Christmas Eve half-day session Monday with improved sentiment on Wall Street providing a boost and local property developers gaining on strong sales of apartments.
The benchmark Hang Seng Index gained 501.88 points, or 1.8 percent, to close at 28,128.80 in the shortened trading session.
Analysts said the index was likely to remain volatile through the end of the year on uncertainty about the U.S. economy, a key export market.
"Sentiment will remain cautious for the rest of the year and I think most investors are adopting a wait-and-see stance," said Peter Lai, a director at brokerage DBS Vickers.
Hong Kong based property stocks gained on strong sales of apartments over the year. Henderson Land was up 4.4 percent at HK$73.65, HLP gained 3.4 percent to HK$34.75, and Sun Hung Kai Properties rose 1.6 percent to HK$162.80.
Higher than expected U.S. consumer spending data lifted the Dow Jones Industrial Average last week. The index rose 1.60 percent higher at 13,450.7 on Friday.
The Hong Kong stock market will be closed for the Christmas holiday on Tuesday and Wednesday and will reopen for a full-day session on Thursday.


Updated : 2021-05-07 16:22 GMT+08:00