You are here

Hong Kong: Stocks rebound to resume rally

doc73n9ho95mztf663j9dw_doc6yk94c0zp0pzfkjl21t.jpg
Hong Kong stocks bounced back Tuesday from the previous day's sharp losses as investors welcomed news that Chinese officials have lined up large tax cuts to help boost the economy.

[HONG KONG] Hong Kong stocks bounced back Tuesday from the previous day's sharp losses as investors welcomed news that Chinese officials have lined up large tax cuts to help boost the economy.

The Hang Seng Index climbed 2.02 per cent, or 531.96 points, to end at 26,830.29.

The benchmark Shanghai Composite Index gained 1.36 per cent, or 34.57 points, to 2,570.34, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.49 per cent, or 19.41 points, to 1,323.16.

AFP

sentifi.com

Market voices on: