Hong Kong, China stocks up as energy shares jump on higher oil prices

jueves 29 de septiembre de 2016 00:52 GYT
 

* SSEC 0.6 pct, CSI300 0.7 pct, HSI 0.5 pct

* Energy stocks jump on higher oil prices after surprise OPEC deal

* Hong Kong sentiment aided by progress in Shenzhen Connect

SHANGHAI, Sept 29 (Reuters) - Hong Kong and China shares rose on Thursday, with sentiment lifted by a jump in energy stocks as oil prices surged after OPEC members agreed to curb output in a surprise deal.

Hong Kong's benchmark Hang Seng index added 0.5 percent to 23,731.97 points by lunch break, while the Hong Kong China Enterprises Index gained 0.9 percent to 9,809.71.

An index tracking Hong Kong's energy sector jumped 5 percent, as Chinese oil giants CNOOC, PetroChina and Sinopec Corp rose sharply.

Oil prices extended gains after rising nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output, the organization's first agreement to cut production since 2008.

Sentiment was also aided by concrete progress toward the launch of Shenzhen-Hong Kong Stock Connect, an eagerly-anticipated cross-border scheme that will channel more mainland Chinese money into Hong Kong's stock market.

The Stock Exchange of Hong Kong Ltd published on its website late Wednesday further information on the Shenzhen Connect to facilitate business and technical preparation.   Continuación...