Hong Kong shares close up 2.1 pct, data eases pressure on China cyclicals
HONG KONG Aug 12 (Reuters) - Hong Kong shares posted strong gains on Monday, as coal and cement led advances for Chinese cyclicals with investors cutting bearish bets after the release of more solid economic data on the world's second-largest economy late last week.
The Hang Seng Index ended up 2.1 percent at 22,271.3 points in its biggest daily gain since July 23. The China Enterprises Index of the top Chinese listings in Hong Kong jumped 3.4 percent to its highest since June 11.
Gains came in the highest turnover in three weeks.
- Air strike kills 15 civilians in Yemen by mistake: officials
- Pope attacks mega-salaries and wealth gap in peace message
- North Korea says Jang Song Thaek, uncle of leader Kim Jong Un, executed
- Probation for drunk Texas teen driver who killed four sparks backlash
- Atheists face death in 13 countries, global discrimination: study