Hong Kong shares snap five-day losing streak on manufacturing signals

PUBLISHED : Thursday, 22 August, 2013, 2:45pm
UPDATED : Thursday, 22 August, 2013, 4:15pm

Hong Kong shares reversed early losses and ended higher on Thursday, as investors covered recent shorts after positive European and China manufacturing surveys gave support to cyclical stocks.

The Hang Seng Index closed up 0.4 per cent at 21,895.4. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.1 per cent. For both, the gains were the first in six days.

Belle International, BYD, China Resources Land and China Shenhua Energy are among companies scheduled to announce earnings on Friday.