Hong Kong stocks surge on trade hopes

A man looks at an electronic board showing stock information at a brokerage house in Beijing, January 4, 2016. — Reuters pic
A man looks at an electronic board showing stock information at a brokerage house in Beijing, January 4, 2016. — Reuters pic

HONG KONG, June 19 — Hong Kong stocks rallied more than two per cent today, fuelled by hopes for a trade breakthrough after Donald Trump said he would meet Xi Jinping at the G20 next week.

The Hang Seng Index jumped 2.56 per cent, or 703.37 points, to 28,202.14.

The benchmark Shanghai Composite Index climbed 0.96 per cent, or 27.64 points, to 2,917.80, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 1.48 per cent, or 22.20 points, to 1,526.77. — AFP

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