Hong Kong: Stocks jump more than two per cent
[HONG KONG] Hong Kong stocks ended Monday sharply higher as investors picked up a record-breaking lead from Wall Street, while they also welcomed dovish comments from the head of the Federal Reserve regarding interest rates.
The Hang Seng Index jumped 2.17 per cent, or 599.40 points, to close at 28,271.27.
The benchmark Shanghai Composite Index jumped 1.89 per cent, or 51.47 points, to 2,780.90 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 2.49 per cent, or 36.38 points, to 1,496.71.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Morgan Stanley strategists see inflation as key for path of US stocks
US dollar soft on renewed Fed rate cut bets; yen on back foot
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%