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Hong Kong, Shanghai: Stocks jump on Opec deal

Thursday, September 29, 2016 - 16:33

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[HONG KONG] Hong Kong and Shanghai stocks rallied Thursday, as energy firms soared with oil prices after Opec's surprise agreement to cut crude output.

The Hang Seng Index added 0.51 per cent, or 119.82 points, to 23,739.47.

The benchmark Shanghai Composite Index gained 0.36 per cent, or 10.62 points, to 2,998.48 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.39 per cent, or 7.62 points, to 1,985.92.


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