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Hong Kong, Shanghai: Stocks extend gains after Wall St rally

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Tiger Airways is selling two Airbus A320 aircraft to Stellar Aircraft Holding 1 at a loss to rightsize its fleet.

[HONG KONG] Hong Kong and Shanghai stocks climbed soon after opening Thursday, tracking another Wall Street rally and extending the previous day's gains after the head of the Federal Reserve said US borrowing costs would remain low for some time.

The Hang Seng Index added 0.21 per cent, or 44.28 points, to 20,847.67.

And the benchmark Shanghai Composite Index rose 0.29 per cent, or 8.73 points, to 3,009.37, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.52 per cent, or 9.84 points, to 1,916.61.

AFP

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