Live | Volatile China stocks close higher, Hong Kong ends sharply up
Welcome to SCMP.com's live coverage of China's stock market chaos here's how todays trading unfolded. China's market rebounded to finish higher while Hong Kong finished strongly as the weeks-long rout in equities seems to slow down for now. As before, we'll be bringing you updates as they happen on price levels, the biggest fallers and gainers and other key trading data, as well as breaking news and expert opinion on key developments.
Good afternoon, and welcome to SCMP.com's live coverage of China's stock market chaos. China's market rebounded to finish higher while Hong Kong finished strongly as the weeks-long rout in equities seems to slow down for now. As before, we'll be bringing you updates as they happen on price levels, the biggest fallers and gainers and other key trading data, as well as breaking news and expert opinion on key developments.
4:11pm: Investment and asset management firm China Everbright has improved by 18.2 per cent to HK$19.74 to be the biggest percentage gainer on the Hang Seng Red Chip Index.
4:09pm: The Hang Seng Index added 3.73 per cent, or 876.23 points, to close at 24,392.79 while the Hang Seng China Enterprises Index rose 3.05 per cent, or 339.07 points, to settle at 11,446.37.
3:53pm: Hang Seng index trading at 24,405.42, up 888.86 points or by 3.78 per cent. Market closes at 4 pm.
3:27pm: Good Fellow Resources is the biggest percentage gainer in Hong Kong markets right now, rocketing 125 per cent to HK$3.09 with turnover of HK$122 million. The trading and investment firm has today clawed back about half of the share value it lost over the past month.