Feb 20 Hong Kong stocks extended early gains and
closed at a 18-month high on Monday, drawing strength from firm
mainland stock and commodity markets.
The benchmark Hang Seng index added 0.5 percent, to
24,146.08 points, its highest close since Aug. 11, 2015, while
the Hong Kong China Enterprises Index gained 0.8
percent, to 10,445.48 points.
Sentiment in the city was lifted by a strong mainland
market, where blue-chips clocked their best single-day
performance in six months after media reported pension funds
might begin flowing into China's stock markets as early as this
Southbound flows through the Shanghai-Hong Kong Stock
Connect recovered slightly on Monday, using 10 percent of
Monday's daily quota, compared with a mere 2.2 percent in the
Nearly all sectors gained ground at the close, led by
consumer staples stocks.
A gauge of energy stocks added 1 percent,
underpinned by rising prices of coal and oil.
Shares of HNA Group jumped 17.5 percent, on news
that the company took a stake of just over 3 percent in Deutsche
Bank and said it could buy further shares in the
(Reporting by Jackie Cai and John Ruwitch; Editing by Sam