HONG KONG: Hong Kong stocks rallied Thursday morning, with energy firms boosted on hopes for further reforms of China’s state-owned enterprises after PetroChina said it was selling off one of its units.
The benchmark Hang Seng Index in Hong Kong climbed 0.99 percent, adding 221.63 points to 22,719.63.
In Shanghai the benchmark Composite Index rose 0.25 percent, or 9.14 points, to 3,657.07, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.35 percent, or 8.23 points, to 2,351.85.