Hong Kong: Stocks surge on trade deal reports

[HONG KONG] Hong Kong stocks surged out of the blocks on Friday morning after reports China and the United States had finally reached a partial trade deal that will see Washington cancel the imposition of fresh tariffs planned for the weekend.

The Hang Seng index rose 1.85 per cent, or 500.37 points, to 27,494.51.

The benchmark Shanghai Composite Index gained 0.76 per cent, or 22.08 points, to 2,937.78 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.74 per cent, or 12.05 points, to 1,648.38.

AFP