HK stocks touch 20,000 points

Hong Kong stocks touched this year’s high in Monday's afternoon trading session on the hope that Sino-US tensions might cool down, but ultimately failed to keep above the 20,000-point mark.

The Hang Seng Index rallied as much as 509 points to 20,093.65 before giving up some of the gains. It closed at 19,925.81 points, about 1.8 percent higher than last Friday.

The mainboard turnover was about HK$161.4 billion.

The Hang Seng Tech Index rose 2.6 percent to 4,554.6 points.

Shares of JD.com (9618) surged by over 7 percent, the best performer among blue chip stocks. Alibaba’s (9988) stock also rose 4.7 percent. 

Oil stocks slid, with CNOOC (0883) losing 2.7 percent and Petrochina (0857) down by 1.8 percent.

AIDEN HE