Hong Kong Market follows Wall Street rally

The Hong Kong stock market ended higher on Monday, 10 July 2017, as upbeat US and Chinese data buoyed investor sentiment. Sentiment was also aided by a surge in COSCO Shipping's and Hong Kong's Orient Overseas International (OOIL) shares after the Chinese shipping giant made a $6.3 billion offer for its smaller rival on Sunday. The Hang Seng index rose 0.6%, to 25,500.06 points, while the China Enterprises Index lost 0.4%, to 10,214.58 points. Turnover increased to HK$80.2 billion from HK$70 billion on Friday.

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