Hong Kong Hang Seng rises 1.7%

Headline shares of the Hong Kong market were higher on Monday, 26 November 2018, as investors chased for bargain hunting in recently beaten shares on tracking firm lead from Mainland A-share market today. In afternoon trade, the Hang Seng Index inclined 439.43 points or 1.7% to 26,367.11. The Hang Seng China Enterprises Index rose by 135.76 points or 1.3% to 10,524.29.

OFFSHORE MARKET NEWS: Wall Street stocks resumed their downward slide in a holiday-shortened session on Friday (Nov 23) as a sharp drop in oil prices sparked global growth worries. The Dow Jones Industrial Average finished down 0.7% at 24,285.95. The broad-based S&P 500 also shed 0.7% to 2,632.56, while the tech-rich Nasdaq Composite Index slid 0.5% to 6,938.98.

 

The major European markets turned in a mixed performance on Friday. The U.K.'s FTSE 100 Index edged down by 0.1%, while the French CAC 40 Index rose by 0.2% and the German DAX Index climbed by 0.5%.

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