Hong Kong stocks clocked their best one-day performance in three months on Friday, while China stocks also rose as a private survey showed the country’s services activity picked up in October.
China’s blue-chip CSI300 Index ended 0.8% higher, while the Shanghai Composite Index gained 0.7%. Hong Kong benchmark Hang Seng Index surged 2.6%.
For the week, the CSI300 Index and the Hang Seng Index added 0.6% and 1.5%, respectively.
China’s services activity growth in October was slightly better than in the previous month, a private-sector survey showed, though new orders rose at their slowest rate in 10 months with employment stagnating as business confidence waned.
Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.
