Hong Kong stocks ended Tuesday's half-day holiday session higher, fueled by mainland buying and optimism about further economic support measures.
The Hang Seng Index surged 1.08%, or 215.16 points, to close at 20,098.29. The Hang Seng China Enterprises Index added 1.25%, or 90.07 points, to 7,303.92.
Chinese mainland investors continued their buying streak of Hong Kong stocks for a sixth straight day, with net inflows of HK$5.23 billion on Tuesday, according to Bloomberg data. Their net investment this year has reached a record HK$786 billion.
"China's economy is experiencing weak recovery, so there will be more policy support from the government next year," Zheshang International analyst Shen Fanchao was quoted by the South China Morning Post as saying.
Hong Kong financial markets will be closed tomorrow and the day after for the Christmas holidays and will reopen on Friday, Dec. 27.
In corporate news, Hong Kong shares of Cosco Shipping (HKG:1919, SHA:601919) finished nearly 4% higher after unit Cosco Shipping Lines agreed to buy a 12% stake in Cosco Shipping Logistics and Supply Chain Management.
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