Hong Kong: Stocks open with rally

HONG KONG stocks rallied at the start of business on Thursday (Sep 29) as bargain-buyers stepped in following a series of hefty losses, while sentiment was also buoyed by the Bank of England’s decision to step in to quell a sharp spike in bond yields.

The Hang Seng Index jumped 1.85 per cent, or 319.29 points, to 17,570.17.

The Shanghai Composite Index added 0.74 per cent, or 22.41 points, to 3,067.47, while the Shenzhen Composite Index on China’s second exchange climbed 1.04 per cent, or 20.15 points, to 1,958.40. AFP