ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bolstered yuan, drop in US yields lift Hong Kong stocks

HONG KONG (NewsRise) -- Hong Kong stocks climbed for the sixth time in seven days on Friday as U.S. bond yields retreated and China stepped up its defense of the yuan.

The Hang Seng Index had risen 0.4% to 22,546.76 by the midday break. The gauge is now up 4.5% from the five-month low it touched just before the Christmas break. A measure of real estate stocks listed in the city advanced for a sixth straight day, with Hang Lung Properties gaining 2% to HK$17.30 after 10-year Treasury yields fell the most in 4 months overnight. PetroChina rose 2% to HK$6.09 as crude prices got a boost from reports that Saudi Arabia had cut output.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more