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Reading: Hong Kong stocks surge to 5-month highs after the biggest weekly gain in over a decade as earnings outlook brightens
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Econo Asia™ > Blog > News > Markets > Shanghai Stock Exchange (SSE) > Hong Kong stocks surge to 5-month highs after the biggest weekly gain in over a decade as earnings outlook brightens
Shanghai Stock Exchange (SSE)

Hong Kong stocks surge to 5-month highs after the biggest weekly gain in over a decade as earnings outlook brightens

NEWSROOM
Last updated: 2024/04/29 at 7:05 AM
By NEWSROOM 1 Min Read
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Hong Kong stocks made solid gains on Friday as positive earnings from top-tier Chinese companies and a rash of supportive policies had investors returning to Asia’s third-largest market, with the tech sector receiving a boost after stellar earnings from Microsoft and Google’s parent Alphabet.

The Hang Seng Index rose 2.1 per cent to 17,651.15 at the close, its highest level since November 23, with the 8.8 per cent rally since Monday driving the benchmark for its best week since October 2011. The Hang Seng Tech Index surged 4.6 per cent.

The Shanghai Composite Index added 1.2 per cent, as overseas investors bought a record 22.4 billion…



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TAGGED: China stocks, Hang Seng Index, Hong Kong stocks, Shanghai Composite Index
NEWSROOM April 29, 2024 April 29, 2024
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