Hong Kong stocks advanced on easing hopes

Note: This section contains information in English only.
Source: Dukascopy Bank SA

China's stocks eased up on Monday as weak national data forced the government to approve industrial projects worth more than USD157 billion to boost economic activity in the country. Chinese industrial production climbed less than expected in August. The Hang Seng Index gained 0.13% to trade at 19,827.17. Seven out of nine sectors included in the index rose. The strongest were consumer services and technology shares. Sands China and Tecent Holdings advanced 3.60% and 0.91%. Basic materials also rallied, with Aluminum Corp. of China soaring 2.00%. At the same time, telecommunications and financials slumped. China Mobile lost 0.73% while China Construction Bank and Bank of China plunged 2.12% and 1.05%. China Construction Bank slid after unnamed investors sold USD530 million stake in the bank at 2% discount to previous session's close.

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