BCN-07 Hong Kong stocks start on front foot

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ZCZC

BCN-07

STOCKS-MARKETS-HONGKONG-CHINA-OPEN

Hong Kong stocks start on front foot

HONG KONG, Dec 5, 2019 (BSS/AFP) – Hong Kong stocks bounced Thursday on
reports that China and the US were closing in on a mini trade deal, soothing
concerns fuelled by Donald Trump’s suggestion the previous day that an
agreement might not happen until next year.

The Hang Seng index added 0.62 percent, or 160.30 points, to 26,222.86.

The benchmark Shanghai Composite Index added 0.29 percent, or 8.40 points,
to 2,886.52 and the Shenzhen Composite Index, which tracks stocks on China’s
second exchange, gained 0.26 percent, or 4.23 points, to 1,612.75.

BSS/AFP/HR/0945