Business News

Hong Kong stocks begin with rally

Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.


Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.

Hong Kong stocks jumped nearly one percent at the open on Thursday morning following a strong performance on Wall Street as traders cheered the Federal Reserve’s upbeat assessment of the US economy.

The Hang Seng Index jumped 0.98%, or 283.49 points, to 29 317.61.

The benchmark Shanghai Composite Index edged up 0.12%, or 4.09 points, to 3 449.64, while the Shenzhen Composite Index on China’s second exchange added 0.19%, or 4.16 points, to 2 222.43.

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