Hong Kong Stocks end 3.80% Higher

Hong Kong stocks soared 3.80 percent in post-holiday trading  Wednesday, as investors piled into the market after weak US jobs data dampened expectations of an early interest rate increase there.

The benchmark Hang Seng Index, in its first trading day since Thursday, jumped 961.22 points to 26,236.86.

Turnover was a huge HK$ 250.03 billion ($ 32.26 billion) as mainland investors used up their daily quota of purchases for only the second time since a much-vaunted stock link-up was created between the Hong Kong and Shanghai exchanges.

In mainland China the benchmark Shanghai Composite Index rose 0.84 percent, or 33.43 points, to 3,994.81 points on turnover of 839.2 billion yuan ($ 137.6 billion).

But the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.71 percent, or 15.06 points, to 2,109.03 on turnover of 685.8 billion yuan.

Source: AFP

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