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Hong Kong: Stocks close up 7.7%

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Published Fri, Nov 11, 2022 · 04:28 PM
    • The Hang Seng Index closed up 7.74 per cent, or 1,244.62 points, to 17,325.66.
    • The Hang Seng Index closed up 7.74 per cent, or 1,244.62 points, to 17,325.66. PHOTO: BLOOMBERG

    HONG Kong stocks surged on Friday (Nov 11) as investors took heart from the double whammy of lower United States inflation data and Beijing announcing a slight relaxation to its hardline Covid-19 restrictions.

    The Hang Seng Index closed up 7.74 per cent, or 1,244.62 points, to 17,325.66 while the exchange’s China Enterprises Index, which lists major mainland companies, closed even higher, up 8.31 per cent. AFP

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