You are here

Hong Kong: Stocks press on with rally

[HONG KONG] Hong Kong stocks on Tuesday built on the previous day's rally as traders again took their cue from record-breaking US markets, fuelled by optimism that long-awaited tax cuts will be agreed this week.

The Hang Seng Index rose 0.70 per cent, or 203.25 points, to close at 29,253.66.

The benchmark Shanghai Composite Index advanced 0.88 per cent, or 28.62 points, to 3,296.54. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.87 per cent, or 16.49 points, to 1,905.62.