The Business Times
business-time-50

Hong Kong: Shares close with big gains

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 11, 2022 · 04:27 PM
    • The Hang Seng Index jumped 2.40 per cent, or 471.59 points, to 20,082.43.
    • The Hang Seng Index jumped 2.40 per cent, or 471.59 points, to 20,082.43. PHOTO: BLOOMBERG

    HONG Kong stocks surged on Thursday (Aug 11) following a strong lead from Wall Street after a bigger-than-expected drop in US inflation raised hopes the Federal Reserve will slow the pace of interest rate hikes.

    The Hang Seng Index jumped 2.40 per cent, or 471.59 points, to 20,082.43.

    The Shanghai Composite Index climbed 1.60 per cent, or 51.65 points, to 3,281.67, while the Shenzhen Composite Index on China's second exchange added 1.66 per cent, or 36.15 points, to 2,216.98. AFP

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hong Kong stocksChina stocks

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Lazada says it will treat affected employees in accordance with the applicable requirements based on the market they are in.

    Lazada cuts about 5% of workforce, a sign of maturing e-commerce sector in S-E Asia

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    A total of 45 Singapore-based companies and public-sector agencies featured in the top 100, including top choice DBS.

    DBS tops list of employers sought by Singapore’s fresh graduates: survey

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More