Hong Kong, Shanghai: Shares rally at open
[HONG KONG] Shares in Hong Kong and Shanghai rallied at Wednesday's open following strong gains on Wall Street and after the People's Bank of China cut the amount of cash some lenders must keep with it in order to boost liquidity for businesses.
The Hang Seng Index added 1.21 per cent, or 362.91 points, to 30,425.66.
The benchmark Shanghai Composite Index rose 0.82 per cent, or 25.11 points, to 3,091.91 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.63 per cent, or 11.16 points, to 1,795.72.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN
Europe: Stocks rebound after last week’s selloff, eyes on earnings and data