Hong Kong: Stocks start week with gains

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa News News

Read more at The Business Times.

The Hang Seng Index rose 0.62 per cent, or 161.75 points, to end at 26,291.68, having lost more than four per cent last week.[HONG KONG] Hong Kong stocks bounced on Monday, having been hammered last week by coronavirus fears, with traders cheered by an expected Federal Reserve rate cut and speculation that China will provide support to markets.

The Hang Seng Index rose 0.62 per cent, or 161.75 points, to end at 26,291.68, having lost more than four per cent last week. The benchmark Shanghai Composite Index jumped 3.15 per cent, or 90.63 points, to 2,970.93, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, surged 3.77 per cent, or 67.90 points, to 1,869.65.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines