Hong Kong: Stocks end higher; Tencent and Chinese banks lead rally
Capital Market The Hong Kong stock market finished higher on Wednesday. 16 August 2017, on the back of gains in tech and banking stocks, but losses were kept in check by concerns over weakening China economic growth. Traders are also speculating on a reserve requirement ratio (RRR) cut by China, as the central bank injected 399.5 billion yuan into the market via the mid-term lending facility (MLF) on Monday. The Hang Seng Index gained 0.86%, or 234.11 points, to 27,409.07, while the H-shares index added 0.74%, or 79.88 points, to 10,817.88 points. Turnover stood at HK$81.78 billion.
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