HK Stocks surges after China surprise rate slash

Image
Capital Market
Last Updated : Nov 24 2014 | 4:13 PM IST
Hong Kong share market closed sharply higher in heavy trade on Monday, 24 November 2014, as appetite for riskier assets stimulated after the Chinese central bank announced a surprise rate cut Friday night. The Hang Seng Index ended higher by 456.02 points, or 1.95%, to 23893.14, off an intra-day high of 23936.34 and low of 23823.56. Turnover rose to HK$105.25 billion from HK$71.08 billion on last Friday.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 24 2014 | 3:20 PM IST

Next Story