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Tech firms power Hong Kong stocks to 6-week high amid trade optimism (Review)


Tuesday, 29 October 2019 04:01 WIB

SahamHongkongIndeks Hang Seng


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Hong Kong stocks closed at a six-week peak on Monday, boosted by gains in tech firms and as investors cheered progress in Sino-U.S. trade talks.

The Hang Seng index rose 0.8% to 26,891.26, its highest closing level since Sept. 16, while the China Enterprises Index climbed 1.0% to 10,569.82.

U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.

The Hang Seng information technology index closed 2% higher, with industry bellwether Meituan Dianping rising 3.5%.

Source : Reuters


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