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Hong Kong, Shanghai: Stocks rally

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Shares in Hong Kong and Shanghai rallied on Monday following big losses last week while investors also welcomed official data indicating a pick-up in Chinese manufacturing activity in May.

[HONG KONG] Shares in Hong Kong and Shanghai rallied on Monday following big losses last week while investors also welcomed official data indicating a pick-up in Chinese manufacturing activity in May.

The Hang Seng Index added 181.42 points to 27,605.61 by the break on turnover of HK$88.41 billion (US$11.41 billion).

The benchmark Shanghai Composite Index jumped 2.77 per cent, or 127.59 points, to 4,739.33.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 3.54 per cent, or 98.78 points, to 2,892.03.

AFP

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