The Business Times

Hong Kong: Stocks rise as US-China trade war fears ease

Published Mon, May 21, 2018 · 08:52 AM

[HONG KONG]Hong Kong stocks rose on Monday, after US Treasury Secretary Steven Mnuchin said Washington's trade war with Beijing was put "on hold", easing trade tensions that had damped risk appetite.

 The Hang Seng index rose 0.6 per cent, to 31,234.35, while the China Enterprises Index was unchanged at 12,349.61 points.

About 1.65 billion Hang Seng index shares were traded, roughly 95.8 per cent of the market's 30-day moving average of 1.72 billion shares a day. The volume traded in the previous trading session was 1.78 billion.

REUTERS

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here