Hong Kong stocks boosted by US stimulus deal

A pedestrian wearing a face mask, as a precautionary measure against the Covid-19 coronavirus, walks past an electronic stock market display showing movements of the Hang Seng Index in Hong Kong March 12, 2020. — AFP pic
A pedestrian wearing a face mask, as a precautionary measure against the Covid-19 coronavirus, walks past an electronic stock market display showing movements of the Hang Seng Index in Hong Kong March 12, 2020. — AFP pic

HONG KONG, March 25 — Hong Kong stocks rallied with the rest of Asia today after US lawmakers agreed a massive stimulus package to support the world’s number one economy as the coronavirus spreads.

The Hang Seng Index jumped 3.81 per cent, or 863.70 points, to close at 23,527.19.

The benchmark Shanghai Composite Index rose 2.17 per cent, or 59.15 points, to 2,781.59 and the Shenzhen Composite Index climbed 2.92 per cent, or 48.63 points, to 1,714.86. — AFP

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