August 24, 2017 / 8:23 AM / a year ago

Hong Kong shares end higher led by financials, property

Aug 24 (Reuters) - Hong Kong stocks followed Asian markets higher and rose for the third session in a row on Thursday, underpinned by robust gains in financial and property stocks.

The market resumed trading after a one-day closure for a strong typhoon.

The Hang Seng index rose 0.4 percent, to 27,518.60, while the China Enterprises Index gained 0.9 percent, to 11,051.00 points.

The market drew support from other Asian bourses that shook off the risk aversion that gripped financial markets overnight after President Donald Trump’s threat to shut down the U.S. government.

The financial subindex rose 0.7 percent, while that for consumer stocks was up 1.3 percent.

The real estate sector also rose strongly, with shares of Chinese developer Guangzhou R&F Properties Co Ltd jumping 7.3 to their highest since July 2009, bolstered by strong earnings growth. (Reporting by Samuel Shen and John Ruwitch; Editing by Jacqueline Wong)

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