Hong Kong: Stocks open higher on Tuesday

[HONG KONG] Hong Kong stocks climbed more than one per cent at Tuesday's opening as traders cheered news that US Republicans had proposed a new stimulus programme, raising hopes for a fresh surge of cash to support the world's top economy.

The Hang Seng Index climbed 1.38 per cent, or 339.48 points, to 24,942.74.

The benchmark Shanghai Composite Index added 0.65 per cent, or 20.91 points, to 3,226.13, while the Shenzhen Composite Index on China's second exchange gained 0.90 per cent, or 19.33 points, to 2,163.70.

AFP