This comes as stocks of builders, autos rallyHONG KONG: A measure of Chinese shares traded in Hong Kong headed toward a five-month high, led by property developers and automakers amid optimism their earnings outlook will improve. The Hang Seng China Enterprises Index rose 1.3% as of 3:06 pm local time, poised for the highest close since early September. Hong Kong’s benchmark Hang Seng Index added 0.8%, with Hong Kong Exchanges & Clearing Ltd surging in afternoon trade. China will soon hold an annual meeting on the supervision of securities markets, the China Securities Journal reported, without citing anyone. Kunlun Energy Co. rose as much as 4.8% in Hong Kong, the biggest intraday gain since Aug 19, after UBS raised the stock rating to buy from neutral.

Source: The Star February 09, 2017 00:33 UTC