Hong Kong stocks rose roughly 1 percent on Tuesday, reflecting strength in most Asian markets after an overnight rally in Wall Street signalled receding anxiety from Friday’s deadly attacks in Paris.
The Hang Seng index rose 1.2 percent, to 22,264.25, while the China Enterprises Index gained 1.0 percent, to 10,073.43 points.
Nearly all main sectors in Hong Kong rose, with energy and IT stocks leading the gains.
Hong Kong-listed shares of Citic Securities rose 2.1 percent. The Chinese brokerage, which has been the subject of investigations by regulators following the summer stock market rout, said that it is planning to select a new chairman.
Source : Reuters
U.S. stocks fluctuated, after equities posted their worst weekly decline since August, with retailer shares continuing to slide while energy companies rebounded as investors assessed the fallout from terrorist attacks in Paris.
The Standard & Poor’s 500 Index rose 0.1 percent to 2,024.03 at 9:35 a.m. in New York, after sinking 1.1 percent Friday to a three-week low.
Coordinated assaults late Friday linked to Islamist radicals killed at least 129 people in seven locations in Paris, in Europe’s worst terrorist attack in at least a decade. France dispatched warplanes to bomb Islamic State’s Syrian nerve center while police conducted raids suspects on suspected Islamic radicals in all of France’s major cities.
The S&P 500 on Friday capped its worst weekly drop since August, snapping six straight weeks of gains amid mounting expectations that the Federal Reserve is preparing to raise interest rates as soon as December. Retailer and apparel companies tumbled after weaker-than-forecast earnings and sales data, posting their worst week in four years.
Source : Bloomberg