Hong Kong shares end higher, with the benchmark $Hang Seng Index(800000.HK)$ rising 0.6% to 22467.34.
KGI Securities said the medium-term prospects for the city's stock market are improving, as MSCI's planned removal of Russia from its emerging market index is likely to cause passive funds to flow into China stocks.Gains were broad-based, led by $TECHTRONIC IND(00669.HK)$, up 9.1%, after it reported full-year results, followed by $HSBC Holdings plc(00005.HK)$ and $Haidilao International Holding(06862.HK)$, which advanced 4.1% and 3.8%, respectively.
(yongchang.chin@wsj.com)