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Stock impact report

HK stocks end at near 10-month high on China optimism, trade-talk progress [Reuters (UK)]

CHINA TELECOM (CHA) 
Company Research Source: Reuters
HK stocks end at near 10-month high on China optimism, trade-talk progress | Reuters 3 Min Read * HSI +1.2 pct, HSCE +1.4 pct, CSI300 +1.3 pct * FTSE China A50 +0.9 pct, BNY Mellon ADR China Select Index flat * HK-Shanghai Connect daily quota used 4.1 pct * Shanghai-HK daily quota used 2.4 pct SHANGHAI, April 3 (Reuters) - Hong Kong stocks closed at near 10-month highs on Wednesday, aided by more evidence of economic recovery on the mainland and signs of progress in U.S.-China trade talks. ** The Hang Seng index rose 1.2 percent to 29,986.39, while the China Enterprises Index gained 1.4 percent to 11,705.16, its highest close since June 15, 2018. ** Activity in China’s services sector picked up to a 14-month high in March as demand improved at home and abroad, a private business survey showed on Wednesday, adding to signs that government stimulus policies are gradually kicking in. ** The findings were largely in line with those of an official gauge on the non-manufacturing sector rele Show less Read more
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