News Formal

Hong Kong stocks soar as China pledges support

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 61%

Sverige Nyheter Nyheter

Hong Kong's Hang Seng Index rocketed 1,672 (9.08%) to close at 20,087 as traders pounced on a report to snap up beaten-down firms that have been hit by concerns about regulatory crackdowns by Chinese and US authorities.

The official Xinhua news agency said authorities would maintain capital market stability and adopt measures to handle risks for troubled property developers.

The news lit a fire under Hong Kong's Hang Seng Index, where mainland Chinese tech firms had been reeling from a sell-off this year fuelled by a government crackdown on the sector.Traders pounced on the report to snap up beaten-down firms that have been hit by concerns about regulatory crackdowns by Chinese and US authorities.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 16. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Europe stocks fall as China Covid surge weighs on oil majors, minersEurope stocks fall as China Covid surge weighs on oil majors, miners via IrishTimesBiz
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »