China stocks and Hong Kong blue chips opened higher and added further gains as overseas money chased heavyweight stocks, including some that will announce results in the next three weeks.
Hong Kong blue chips opened higher on speculation there would be progress in Greek debt negotiations and broke through the 21,000 resistance level in the afternoon following a rally in Shanghai.
Hong Kong blue chips fell by as much as 200 points Thursday morning after release of high Chinese January inflation numbers indicated China would slow its recent credit-loosening moves.
Hong Kong blue chips retreated from the key 21,000 level for the second time this week, spooked by a delay in implementation of a deal on Greece's debt crisis.
Hong Kong blue chips traded 100 points higher early in the day, but a decline in Mainland markets capped gains. Funds flowed into insurance companies, but automakers retreated.
Hong Kong stocks posted a slight rise in weak turnover after U.S. market erased early losses. Chinese oil producers gained on the back of rising oil prices.
A rebound in U.S. markets helped China and Hong Kong bounce back from huge losses Thursday. Chinese banks rebounded after a surge in lending lifted loan values for the month.
Strong performances by U.S. markets helped Hong Kong and China stocks extend their rally. However, gains and turnover declined after Monday's big rise.
The Hong Kong market surged in strong turnover after European leaders announced a comprehensive solution to the region's debt crisis. Chinese property developers jumped higher.
Hong Kong followed U.S. markets lower in very thin turnover, slipping below its 10-day moving average. Hong Kong's Hang Seng Index sank 1.8 percent, and the index of Chinese companies fell 2.7 percent.
Hong Kong blue chips surged more than 300 points higher in morning trading following gains on Wall Street on Friday, but lost all of that when China markets fell.
Hong Kong blue chips rose above 20,00 on the last day of trading before the break next Monday through Wednesday for Chinese New Years. Local big banks surge after healthy gains.
Hong Kong blue chips rose to a high of 20,173 on the improved political situation in debt-ridden Italy and on gains in the U.S., but fell back from the 100-day moving average.