Hong Kong, Shanghai: Stocks extend gains after Wall St rally

[HONG KONG] Hong Kong and Shanghai stocks climbed soon after opening Thursday, tracking another Wall Street rally and extending the previous day's gains after the head of the Federal Reserve said US borrowing costs would remain low for some time.

The Hang Seng Index added 0.21 per cent, or 44.28 points, to 20,847.67.

And the benchmark Shanghai Composite Index rose 0.29 per cent, or 8.73 points, to 3,009.37, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.52 per cent, or 9.84 points, to 1,916.61.

AFP