Shanghai, Hong Kong: Shares close higher

[HONG KONG] Shares in Hong Kong and mainland China rallied Monday after Beijing announced another interest rate cut, while a strong US jobs report also provided support.

Hong Kong's benchmark Hang Seng Index added 0.51 per cent, or 140.86 points, to 27,718.20 on turnover of HK$130.97 billion (US$16.90 billion).

In mainland China the benchmark Shanghai Composite Index jumped 3.04 per cent, or 127.66 points, to 4,333.58 on turnover of 715.2 billion yuan (US$117.0 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 4.48 per cent, or 101.75 points, to 2,373.92 on turnover of 668.7 billion yuan.

AFP