Hong Kong stocks staged strong rally after China’s top leadership vowed to step up policy adjustment to support economy
STOCKS
Hong Kong stocks staged strong rally after China’s top leadership vowed to step up policy adjustment to support economy
STOCKS

Hong Kong stocks staged strong rally after China’s top leadership vowed to step up policy adjustment to support economy

 

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Hong Kong stocks staged a strong rally after China’s top leadership vowed to step up policy adjustments to support the economy.

The Hang Seng Index surging 4.1% to close at 19,434, the Hang Seng China Enterprises Index up 5.3% and the Hang Seng Index surging over 6%. 

Technology heavyweights rallied across the board, with Baidu and Kuaishou surging more than 8%, Meituan and JD.com surging more than 7%. Mainland property developers surged, led by Longfor Group surging more than 25%. Financial institutions also jumped, led by Citic Securities, CICC, China Merchants Bank.

Automakers, sports goods companies, mobile game companies, movie and entertainment companies were also higher.