Stock & Shares

Hong Kong: Stocks end at sharp high


Hong Kong stocks soared Tuesday, tracking a rally across Asia and in New York. Energy firms emerged the big winners as oil prices were boosted by hopes of a deal to cut production.

The Hang Seng index rose 1.43 per cent or 320.29 points and closed at 22,678.07.

The benchmark Shanghai Composite Index rose 0.94 per cent or 30.20 points, to 3,248.35. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, increased 0.89 per cent, or 18.94 points, to 2,137.88.


The author Paul