HK bourse hits 3-year high on mainland connect

Hong Kong stocks rose to a three-year peak on Thursday amid positive sentiment from a plan to connect the city’s bourse to mainland investors, South China Morning Post reported. The market was driven by a strong flow of funds into the city ahead of the Hong Kong-mainland stock connect scheme in October and optimism about economic conditions on the mainland. The Hang Seng Index closed up 0.7% at 24,141.50 points, its highest close since April 2011. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong was up 1.1% to close at its loftiest level since December 2013.