Hong Kong stocks advanced over 2.0 per cent on Thursday morning, aided by a surge in energy shares, following overnight gains in US and European equities and a jump in oil prices.
China stocks were also firmer, with investor optimism sustained by Beijing's fresh moves to support the economy, and expectations that more stimulus is in the pipeline.
The Hang Seng index, Hong Kong's benchmark, gained 2.1 per cent to 19,327.84 points, hitting a two-week high. The Hong Kong China Enterprises Index popped 3.1 per cent, to 8,174.66.
The energy sector gained 4.0 per cent, with Chinese oil giants PetroChina, CNOOC and Sinopec posting sharp gains on higher oil prices.
In China, the blue-chip CSI300 index rose 0.5 per cent, to 3,077.25 points by lunch break, while the Shanghai Composite Index gained 0.4 per cent, to 2,879.95 points.
Most sectors on the mainland rose, with rate-sensitive sectors such as real estate performing strongly.
Climbing global oil prices helped Chinese energy firms, pushing the sector up 1.6 per cent, according to Reuters.
--Shuvo--
China stocks were also firmer, with investor optimism sustained by Beijing's fresh moves to support the economy, and expectations that more stimulus is in the pipeline.
The Hang Seng index, Hong Kong's benchmark, gained 2.1 per cent to 19,327.84 points, hitting a two-week high. The Hong Kong China Enterprises Index popped 3.1 per cent, to 8,174.66.
The energy sector gained 4.0 per cent, with Chinese oil giants PetroChina, CNOOC and Sinopec posting sharp gains on higher oil prices.
In China, the blue-chip CSI300 index rose 0.5 per cent, to 3,077.25 points by lunch break, while the Shanghai Composite Index gained 0.4 per cent, to 2,879.95 points.
Most sectors on the mainland rose, with rate-sensitive sectors such as real estate performing strongly.
Climbing global oil prices helped Chinese energy firms, pushing the sector up 1.6 per cent, according to Reuters.
--Shuvo--
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