Hang Seng Index closes higher

Source: Marketwatch
© Scanpix/Reuters

Although most of Asian markets declined on Tuesday's trading session, Hang Seng Index managed to recover from losses and closed higher. Hang Seng ended at 18,251.59, 0.1% or 25.74 points higher than in the previous session. Hong Kong index received positive contribution from globally exposed firms. Ports operator Cosco Pacific Ltd added 1.8% and Li & Fung surged 3.4% while Tsingtao Brewery Co gained 1.6%. Among main decliners were China based banks. Bank of China Ltd lost 2% whereas China Construction Bank Corp fell 1.1%.

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