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    Hong Kong shares lifted on positive energy markets

     

    An upturn in Hong Kong has been sparked by a rise in energy markets. 

     

    The Hong Kong Hang Seng Index delivered a marked uplift in investor fortunes in its latest full trading session on Tuesday (16 February 2016), led higher by rebounding European markets and a rise in energy stocks.

     

     

    Investors saw daily growth of 1.08% to leave the Hang Seng at a value of 19,122.08 at its close.

     

     

    This latest positive shift was attributed to the major uplift in European markets, which was witnessed at the start of the week, as well as ongoing growth in the price of oil in the wake of a new landmark agreement to limit production in the coming months.

     

     

    It is hoped that by pulling back from the present level of overproduction - a situation that has been designed to safeguard market share for the industry's key producers - the glut in oil that has sent prices tumbling during recent months can now be effectively tackled.

     

     

    The decision appears to have already led to more widespread growth in investor confidence.

     

     

    Indeed, elsewhere in the region, China's Shanghai Composite Index continued to rally in trading this week, with an upturn in value of 3.32% in its latest full session.

     

     

    Meanwhile, both the Japanese Nikkei Stock Average 225 (up 0.2%) and Australian ASX All Ordinaries Index (up 1.39%) delivered growth on Tuesday to mark a clean sweep of major market uplift across Asia.

     

     


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