China Stocks in Hong Kong Rise to Three-Week High on Industrials
- CRRC Corp. rallies on private share-sale plan to reduce debt
- A-share premium over Hong Kong peers falls to one-month low
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Chinese stocks in Hong Kong climbed to a three-week high, paced by a rally in industrial and automobile companies, as cheaper valuations relative to their mainland peers lured buyers.
The Hang Seng China Enterprises Index rose 0.3 percent. The Shanghai Composite Index added 0.1 percent after six straight weeks of declines, its longest losing stretch since 2012. The Shanghai and Shenzhen stock exchanges on Friday published rules restricting trading halts in a move that raises the odds of the country’s shares being included in MSCI Inc.’s benchmark indexes.