The Hong Kong stock market closed higher after reversing early losses on Tuesday, 26 July2016, on the back rally of Macau gaming names and the record-hitting of Tencent. However, gains were capped on caution ahead of the US Federal Reserve and Bank of Japan meetings due later this week. The benchmark Hang Seng Index advanced 136.29 points, or 0.62%, to 22129.73 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 27.49 points, or 0.3%, to 9062.25. Turnover increased significantly to HK$71.6 billion from HK$49.4 billion on Monday.
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