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Hong Kong: Stocks bounce after rout

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[HONG KONG] Hong Kong shares jumped Tuesday following the previous day's rout, with energy firms tracking a bounce in oil prices and firms linked to Hubei, the centre of the coronavirus, rallying after President Xi Jinping visited the province. Read more at The Business Times.

Hong Kong's Hang Seng Index climbed 1.41 per cent, or 352.05 points, to 25,392.51.[HONG KONG] Hong Kong shares jumped Tuesday following the previous day's rout, with energy firms tracking a bounce in oil prices and firms linked to Hubei, the centre of the coronavirus, rallying after President Xi Jinping visited the province.The benchmark Shanghai Composite Index added 1.82 per cent, or 53.47 points, to 2,996.

The gains were in line with a slight recovery from the Black Monday sell-off that was sparked by fears over the global economic impact of the virus outbreak and a crash in oil prices sparked by a row between key producers Saudi Arabia and Russia.

 

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Hong Kong: Stocks see small bounce at open[HONG KONG] Hong Kong stocks staged a small recovery at the open on Tuesday following the previous day's rout but investors remain on edge over the economic impact of the coronavirus and the crash in oil prices. Read more at The Business Times.
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