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Nikkei Markets

ASIA MARKETS: Hong Kong Stocks Jump 1.3% To Close At 27-Month High

By Amy Lam and V. Phani Kumar
Nikkei Markets
HONG KONG (Sep 18) -- Hong Kong stocks posted their biggest one-day increase in more than a month on Monday amid broad regional advances, as North Korea tensions eased and property developers rallied on speculation that mainland investors were bullish on the sector.

The Hang Seng Index climbed 1.3% to 28,159.77, its highest closing since May 2015. Tencent Holdings, the city's most valuable company, led the charge as it rose 2.1% to complete a seven-day winning stretch. Henderson Land Development increased 2.1% to an all-time peak and New World Development added 2.3% among local property companies.

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