Hong Kong: Shares close higher

HONG Kong stocks finished on Monday (Jul 18) with big gains, following a healthy rally on Wall Street as traders welcomed US retail data indicating consumers had so far been resilient to rising inflation.

The Hang Seng Index climbed 2.70 per cent, or 548.46 points, to close at 20,846.18.

The Shanghai Composite Index added 1.55 per cent, or 50.04 points, to 3,278.10, while the Shenzhen Composite Index on China’s second exchange jumped 1.48 per cent, or 31.96 points, to 2,191.96. AFP