Hang Seng index closed higher

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

On Thursday trade Hang Seng index experienced first increase this week as People's Bank of China agreed to ease reserve obligations for more lenders encouraging investors to believe in additional relaxation. Hang Seng closed at 0.4% or 70.67 points higher climbing to 17,935.10. Main positive contribution to the index was provided by property developers. China Overseas Land and Investment Ltd.  jumped 5.6%, China Resources Land Ltd. surged 4.3% while shares of Agricultural Bank of China Ltd. edged up 2.6%.

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