BCN-19 Hong Kong, Shanghai stocks build on gains with surge

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BCN-19

STOCKS-MARKETS-HONGKONG-CHINA-CLOSE

Hong Kong, Shanghai stocks build on gains with surge

HONG KONG, March 18, 2019 (BSS/AFP) – Shares in Hong Kong and Shanghai
surged Monday, building on last week’s gains after China passed foreign
investment rules that were seen as an olive branch in its trade standoff with
the United States.

The Hang Seng Index in Hong Kong climbed 1.37 percent, or 396.75 points,
to close at 29,409.01.

The benchmark Shanghai Composite Index jumped 2.47 percent, or 74.67
points, to 3,096.42 and the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, rallied 2.71 percent, or 44.42 points, to 1,685.79.

BSS/AFP/HR/1430