HONG KONG (Nikkei Markets) -- Hong Kong stocks have posted their best week in almost two months, expressing the market's relief after Chinese leaders said they would allow more foreign participation in the financial and automotive sectors.
The Hang Seng Index climbed 3.2% for the week, halting a three-week losing streak, even as it slipped less than 0.1% on Friday to close at 30,808.38. CNOOC was the top gainer over the five-day period, rising 10% as U.S. crude oil prices traded near their highest level since 2014. PetroChina added 6.1%.
