Hong Kong stocks broke a four-day losing streak on Wednesday as investors turned their attention to shares which could benefit from Beijing’s plan to more strongly integrate the economies of southern China, Hong Kong and Macau.
The Hang Seng index recouped initial losses to end up 0.9 per cent at 24,313.50 points, while the Hong Kong China Enterprises Index gained 0.4 per cent to 10,208.31.
China’s economic integration plan for the Guangdong-Hong Kong-Macau Great Bay Area, announced late on Tuesday, sent shares of port operators and developers in the region surging, said Alex Wong, a director at Ample Finance Group.
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