Economics
Hong Kong H Shares Rise After China Growth Meets Esimates
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Hong Kong stocks rose, with a gauge of Chinese companies extending the biggest weekly gain since May, after mainland economic growth met analysts’ estimates.
Angang Steel Co., the largest steelmaker traded in Hong Kong, jumped 8.2 percent after saying it swung to a first-half profit. BYD Co., a maker of electric vehicles, surged 11 percent after China’s car sales rose and the nation said it aims to accelerate energy-saving measures. Tencent Holdings Ltd., China’s No. 1 Internet company, gained 3.7 percent after the State Council said upgrading communications was a priority.