HONG KONG (Nikkei Markets) -- Hong Kong shares ended higher on Monday, as a recovery for Chinese companies helped the city's main index log its first gain in four days, even as fears of a trade war between the world's two largest economies loomed.
The Hang Seng Index rose 0.8% to close at 30,548.77 on Monday, after falling as low as 29,995.16 points earlier in the day. The index had lost 3.9% in the three days ending Friday. China Petroleum & Chemical (Sinopec) climbed 5.2%, leading gains on the index in percentage terms, after reporting a 10.1% increase in 2017 profit and a 22% jump in turnover. Heavyweight Tencent Holdings added 1.6% following its worst weekly performance since February amid a stake sale by its largest shareholder last week and after it reported disappointing gaming revenue figures for 2017.
