Hong Kong: Stocks end tough week with healthy rally
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong stocks ended another bruising week with a much-needed rally Friday, tracking big gains across Asia as investors welcomed massive stimulus and financial support from governments and central banks to fight the coronavirus impact.
The Hang Seng Index jumped 5.05 per cent, or 1,095.94 points, to 22,805.07.
The benchmark Shanghai Composite Index rose 1.61 per cent, or 43.49 points, to 2,745.62 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.28 per cent, or 21.53 points, to 1,704.46.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Does foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
Malaysia tourism hit by fuel shock; tour prices may jump 50%
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Vietnam acts fast to shield firms, households from fuel price surge