H shares gain most in two weeks in HK as buying resumes
By Bloomberg | China Daily | Updated: 2016-09-20 08:20
Mainland stocks rebounded in Hong Kong, led by power companies, as mainland investors extended a buying spree following last week's holidays.
Hong Kong's markets were closed on Friday for a holiday, while those in the mainland were also shut on Thursday. The Shanghai Composite Index added 0.77 percent.
Net daily buying of Hong Kong equities through an exchange link with Shanghai reached the highest since April 2015 on Sept 9 as cheaper valuations and the wish to protect against a depreciating yuan lured investors. Dual-listed shares are 20 percent more expensive in the mainland than in Hong Kong.
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