Hong Kong: Stocks surge after Wall St lead
[HONG KONG] Hong Kong surged on Tuesday, in line with a rally across Asian markets and following a positive US lead, while internet giant Tencent ploughed higher to make it one of the world's five biggest firms by market capitalisation.
The Hang Seng Index rose 1.91 per cent, or 557.76 points, to close at 29,818.07, a fresh 10-year high.
The benchmark Shanghai Composite Index rose 0.53 per cent, or 18.10 points, to 3,410.50 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, advanced 0.79 per cent, or 15.52 points, to 1,987.45.
AFP
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
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN
Europe: Stocks rebound after last week’s selloff, eyes on earnings and data
US: Stocks rebound to open big earnings week