HK shares close at 8-month high ahead of Sino-U.S. trade deal [Reuters]
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Source: Reuters
HK shares close at 8-month high ahead of Sino-U.S. trade deal SHANGHAI, Jan 13 (Reuters) - Hong Kong stocks closed at an over eight-month high on Monday as optimism ahead of the signing of the Phase 1 trade deal between the United States and China this week buoyed sentiment. ** The Hang Seng index rose 1.1% to 28,954.94, the highest close since May 8, 2019. The China Enterprises Index gained 1.2% to 11,396.76. ** China and the United States will sign the trade agreement on Jan. 15 and the Trump administration has invited at least 200 people to the White House for the ceremony. ** The agreement eases the 18-month long trade dispute between the countries and aims to alter China’s trade and economic practices, but it will still leave in place tariffs on about $370 billion worth of Chinese imports per year. ** The sub-index of the Hang Seng tracking energy shares rose 0.5%, the IT sector rose 2.3%, the financial sector ended 1.06% higher and the property sector rose 0.76%. ** The top gain
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