You are here

Hong Kong, Shanghai: Stocks rally at open

39544846 - 18_08_2016 - CHINA-HONGKONGSHENZHEN_MSCI.jpg

[HONG KONG] Hong Kong shares surged more than one per cent in the first few minutes of trade Monday as a slowdown in US jobs creation last month lowered expectations for an interest rate hike this month.

The Hang Seng Index added 1.20 per cent, or 280.29 points, to 23,546.99.

The benchmark Shanghai Composite Index edged up 0.11 per cent, or 3.36 points, to 3,070.71 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.29 per cent, or 5.90 points, to 2,015.19.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to