Hong Kong shares track global rally on improved economic outlook


BEIJING: Hong Kong shares end higher on Wednesday, tracking the rallies of stock markets worldwide as investors cheered an improved global economic outlook, but profit-taking in tech shares contained the gains.

At the close of trade, the Hang Seng index was up 81.55 points or 0.31%, at 26,669.75. The Hang Seng China Enterprises index fell 0.52% to 10,557.83.

The sub-index of the Hang Seng tracking energy shares rose 2.8%, while the IT sector dipped 2.29%, the financial sector ended 1.81% higher and the property sector rose 0.71%.

China's main Shanghai Composite index closed down 1.19% at 3,362.33 points, while the blue-chip CSI300 index ended down 1.28%.

The formal start of U.S. president-elect Joe Biden's transition to the White House and increasing confidence that a COVID-19 vaccine would be ready soon ushered in renewed appetite for global shares.

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