Hang Seng Index Benchmark Rises Above 21,000

[DailyFx]

Comparably, Hong Kong shares closed at a record on the day, briefly breaking above the 21,000 figure before retracing in the overnight Asian session. Supportive of the advance was interest in Hang Lung Properties Ltd. The company help to boost overall bid sentiment towards developer stocks on expectations that a government land aution tomorrow will attract higher bids. As a result, the region?s fourth largest developer by market value gained 3.3 percent to close at HK$24.80. Sun Hung Kai Properties added 0.1 percent to HK$96.35, on similar sentiment. As a result, the Hang Seng made a move higher, adding 55.56 points to close at 20,896.64, a far cry from the record high of the session at 21,070.21.