Play all audios:
Hong Kong stocks rose for the fifth straight day on Friday, recording their best weekly gain in a year, as the previous week's correction attracted bargain hunting from mainland China
investors. Hong Kong stocks rose for the fifth straight day on Friday, recording their best weekly gain in a year, as the previous week's correction attracted bargain hunting from
mainland China investors. Sentiment was also aided by a generally upbeat mood in Asian markets, amid consensus that the U.S. Federal Reserve will pursue a gradual rate tightening path. The
Hang Seng index rose 0.2 percent, to 26,389.23, while the China Enterprises Index gained 0.5 percent, to 10,728.07 points. For the week, Hang Seng jumped 4.1 percent, the best showing since
mid-July, 2016. The HSCE rose 4.6 percent. Most sectors climbed, with property firms and raw material stocks leading the gains. Vanke jumped 2.4 percent, before trading in the company's
shares was halted. Vanke was among a Chinese private equity consortium that outbid rivals to acquire Global Logistic Properties (GLP) in a deal worth about S$16 billion ($11.6 billion).
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)