Energy shares lead Hong Kong market higher after oil price surge



Hong Kong stocks followed Asian markets higher on Thursday as major energy firms jumped after a surge in oil prices triggered by a surprise agreement among OPEC members to curb output.
The Hang Seng index rose 0.5 percent to 23,739.47 points, while the China Enterprises Index gained 0.8 percent to 9,794.33.
An index tracking Hong Kong's energy sector jumped 4.3 percent, as Chinese oil giants CNOOC, PetroChina and Sinopec Corp rose sharply.
Oil prices climbed nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output, the organization's first agreement to cut production... read more

 
29 September 2016 in World News, Views: 24
Source: Reuters
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