Hang Seng May Reclaim 25,000-Point Level
(RTTNews) - The Hong Kong stock market has tracked higher in consecutive trading days, collecting almost 600 points or 2.4 percent in that span. The Hang Seng Index now sits just beneath the 24,850-point plateau and it may tick higher again on Tuesday. The global forecast for th
(RTTNews) - The Hong Kong stock market has tracked higher in consecutive trading days, collecting almost 600 points or 2.4 percent in that span. The Hang Seng Index now sits just beneath the 24,850-point plateau and it may tick higher again on Tuesday.
The global forecast for the Asian markets is upbeat, even though they've already had the chance to respond the easing of tensions in the Middle East. The European markets were mixed and the U.S. bourses were up and the Asian markets are tipped to at least open to the upside.
The Hang Seng finished modestly higher on Monday following gains from the technology and property stocks and a mixed picture from the financial sector.
For the day, the index climbed 124.57 points or 0.50 percent to finish at 24,842.67 after trading between 24,796.30 and 25,047.90.
Among the actives, AIA rallied 2.62 percent, while Alibaba Group sank 0.82 percent, Baidu and China Construction Bank both lost 0.78 percent, Bank of China fell 0.72 percent, BOC Hong Kong collected 0.79 percent, China Life Insurance accelerated 3.52 percent, China Merchants Bank vaulted 1.01 percent, China Mobile perked 0.06 percent, China Petroleum & Chemical spiked 3.55 percent, China Shenhua Energy plummeted 4.99 percent, CITIC gained 0.31 percent, CNOOC tanked 2.89 percent, Hong Kong Exchange, HSBC strengthened 1.63 percent, Industrial and Commercial Bank of China dropped 0.83 percent, JD.com eased 0.09 percent, Lenovo Group skyrocketed 9.31 percent, Meituan increased 0.45 percent, NetEase added 0.40 percent, Nongfu Spring improved 0.54 percent, PetroChina plunged 3.48 percent, Ping An Insurance expanded 0.96 percent, Semiconductor Manufacturing surged 6.98 percent, Sun Hung Kai Properties jumped 2.22 percent, Tencent Holdings slumped 0.86 percent, Xiaomi Corporation rose 0.23 percent, WuXi AppTec tumbled 1.18 percent and Zijin Mining soared 6.88 percent.
The lead from Wall Street is broadly positive as the major averages opened sharply higher on Monday and remained that way throughout the trading day.
The Dow jumped 468.77 points or 0.92 percent to finish at 51,671.03, while the NASDAQ surged 795.10 points or 3.07 percent to end at 26,683.94 and the S&P 500 rallied 122.83 points or 1.65 percent to close at 7,554.29.
The rally on Wall Street followed news that the U.S. and Iran have reached an agreement to end more than three months of war.
