Hong Kong stocks gain, HKEX climbs to HK$330

Stocks have risen in Hong Kong by midday amid reports the national legislature has ovewhelmingly approved the national security law for Hong Kong. In the meantime, China’s June factory activity expanded at a stronger pace, data showed today.

The benchmark Hang Seng Index was at 24,516.44, up by 215.16 points, or 0.89 percent.

Hong Kong Exchanges and Clearing (0388) climbed by 3.19 percent at HK$330.20. Tencent Holdings (0700) added 2.80 percent at HK$ 499.60.

In mainland China, the Shanghai Stock Exchange Composite Index is at 2,978.56, up by 0.58 percent, while the Shenzhen Stock Exchange Composite Index climbed by 1.75 percent at 1,973.05.