AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Markets

Hong Kong shares extend gains on optimism over economic recovery policies

  • The Hang Seng China Enterprises index rose 0.43pc to 9,876.25.
  • The Hang Seng jumped the most in two months on Monday after U.S. President Donald Trump's measured response to China's national security law on Hong Kong.
Published June 2, 2020

BEIJING: Hong Kong shares extended gains on Tuesday to scale a near two-week peak, supported by optimism over Beijing's coronavirus recovery effort.

At the close of trade, the Hang Seng index was up 263.42 points or 1.11pc at 23,995.94.

The Hang Seng China Enterprises index rose 0.43pc to 9,876.25.

The Hang Seng jumped the most in two months on Monday after U.S. President Donald Trump's measured response to China's national security law on Hong Kong.

On Tuesday, the sub-index of the Hang Seng tracking energy shares rose 0.5pc, while the IT sector dipped 0.19pc, the financial sector ended 1.52pc higher and the property sector rose 2.09pc.

Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.78pc, while Japan's Nikkei index closed up 1.19pc.

The yuan was quoted at 7.1144 per U.S. dollar at 08:08 GMT, 0.2pc firmer than the previous close of 7.129.

Hong Kong leader Carrie Lam accused foreign governments on Tuesday of "double standards" in their reaction to Beijing's plans to impose national security laws on the city, pointing to anti-police brutality protests in the United States.

Trump, who had said Hong Kong was no longer sufficiently autonomous from Beijing as promised at the time of the 1997 handover of the territory by Britain, did not call for an immediate end to the special treatment on Friday, providing relief to many investors.

China's parliament approved the proposal last week, prompting a revival of protests against what protesters say is China's deep encroachment on Hong Kong's autonomy and freedom.

Comments

Comments are closed.