Hong Kong: Shares open 1% higher

HONG Kong stocks jumped 1.0 per cent at the open Wednesday after China said it would end quarantine for overseas arrivals, reopening the world’s second-largest economy after nearly three years of Covid isolation. The Hang Seng index rose 0.99 per cent, or 194.88 points, to 19,787.94 as the market reopened after the Christmas break.

The Shanghai Composite Index slipped 0.22 per cent, or 6.95 points, to 3,088.62, while the Shenzhen Composite Index on China’s second exchange retreated 0.38 per cent, or 7.66 points, to 1,985.66. AFP