|Published : 19 Sep 2016, 12:46:41|
Hong Kong stocks rise
Hong Kong stocks rose on Monday, despite lingering uncertainty around US monetary policy.
The Hong Kong market, which is more vulnerable to global market volatility, rose sharply, benefitting from continuous money flows from mainland China.
The Hang Seng index added 0.8 per cent, to 23,529.37 points, while the Hong Kong China Enterprises Index gained 1.9 per cent, to 9,778.71.
Hong Kong's financial sector jumped, as China's yield-hungry investors continue to snap up shares in the city's listed lenders for their high dividend and low valuations.
Hong Kong-listed CGN Power rose as much as 4.7 per cent, according to a news agency report.