Hong Kong: Shares open up 0.9% as HK-Shanghai scheme debuts
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong shares opened up 0.9 per cent on Monday as investors cheered the first day of trading of the landmark Shanghai-Hong Kong stock connect scheme.
The Hang Seng index opened higher following a stronger opening in the index futures, which rose 1 per cent. Ahead of the launch, Hong Kong's stock market has rallied nearly 14 per cent since it was announced in April.
The trading link will let international investors trade Shanghai-listed shares directly for the first time via the Hong Kong stock exchange, and mainland China investors to trade in Hong Kong shares via the Shanghai Stock Exchange.
It marks latest step towards opening China's tightly controlled capital markets.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
