The Business Times

Hong Kong: Stocks enjoy strong start to day

Published Thu, Jun 16, 2022 · 09:50 AM

HONG KONG shares rallied at the start of business Thursday (Jun 16) as traders cheered a sharp interest rate hike by the Federal Reserve that analysts said signalled its determination to fight inflation.

The Hang Seng Index added 0.97 per cent, or 207.43 points, to 21,515.64.

The Shanghai Composite Index was more muted, edging up 1.43 points to 3,306.84, while the Shenzhen Composite Index on China's second exchange was also flat, inching 0.63 points higher to 2,099.63. AFP

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