Hong Kong: Stocks rally on US tax hopes
[HONG KONG] Hong Kong stocks rallied on Monday following a strong lead from Wall Street, where all three main indexes finished at news records on hopes that market-friendly US tax cuts would be passed this week.
The Hang Seng Index added 0.70 per cent, or 202.30 points, to close at 29,050.41.
The benchmark Shanghai Composite Index inched up 0.05 per cent, or 1.78 points, to 3,267.92 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.63 per cent, or 12.07 points, to 1,889.13.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard