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Hong Kong, Shanghai: Stocks surge on stimulus hopes

Tuesday, July 12, 2016 - 16:25

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[HONG KONG] Hong Kong and Shanghai stocks built on the previous day's gains, in line with a global rally on hopes central banks around the world will ramp up stimulus spending.

The Hang Seng Index rose 1.65 per cent, or 344.24 points, to close at 21,224.74.

The benchmark Shanghai Composite Index jumped 1.82 per cent, or 54.46 points, to 3,049.38 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.20 per cent, or 24.04 points, to 2,025.02.


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