Hong Kong: Stocks soar on trade deal reports

[HONG KONG] Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend.

The Hang Seng index soared 2.57 per cent, or 693.62 points, to 27,687.76.

The benchmark Shanghai Composite Index added 1.78 per cent, or 51.98 points, to 2,967.68 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rallied 1.48 per cent, or 24.22 points, to 1,660.55.

AFP