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Stock impact report

Hong Kong shares follow Asian markets higher on U.S. tax reform optimism [Reuters]

CHINA TELECOM (CHA) 
Company Research Source: Reuters
Hong Kong shares follow Asian markets higher on U.S. tax reform optimism | Reuters Reuters Staff 3 Min Read Dec 19 (Reuters) - Hong Kong stocks followed Asian markets higher after a record-beating run on Wall Street amid optimism over the likely passage of U.S. tax reforms. ** At close of trade, the Hang Seng index was up 203.25 points or 0.7 percent at 29,253.66. The Hang Seng China Enterprises index rose 1.11 percent to 11,541.88. **The sub-index of the Hang Seng tracking energy shares rose 0.7 percent while the IT sector rose 1.85 percent, the financial sector was 0.83 percent higher and property sector rose 0.03 percent. ** The top gainer on Hang Seng was Ping An Insurance Group Co of China Ltd up 3.82 percent, while the biggest loser was Wharf Holdings Ltd which was down 1.87 percent. ** China’s main Shanghai Composite index closed up 0.88 percent at 3,296.6811 points while its blue-chip CSI300 index ended up 1.26 percent. ** Around the region, MSCI’s Asia ex-Japan stock index wa Show less Read more
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