Hong Kong shares end 0.1% higher; Consumer goods, property stocks support

Dow Jones Newswires · Dec 8, 2021 16:53 · Markets

Hong Kong stocks ended the session higher, extending gains from Tuesday amid upbeat sentiment driven by reserve requirement ratio cut for banks, and authorities' signaling of support for the property sector.

The benchmark $Hang Seng Index(800000.HK)$ edged up 0.1% to settle at 23996.87, following a 2.7% jump yesterday. Consumer-goods makers led the rise, with sportswear company $LI NING(02331.HK)$ topping the index with a 5.4% advance. $CHINA RES BEER(00291.HK)$ rose 3.9%. Property firms also supported, with $LONGFOR GROUP(00960.HK)$ adding 2.1%.

(yifan.wang@wsj.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

Hong Kong shares end 0.1% higher; Consumer goods, property stocks support

Risk Disclaimer