Business

Hong Kong stocks extend gains at open

Hang Seng Index up 0.09%, while benchmark Shanghai Composite Index rises 0.06%

Updated 5 years ago · Published on 07 Jan 2021 10:16AM

Hong Kong stocks extend gains at open
Hong Kong stocks extend gains into a seventh day, with hopes growing over the prospect of more stimulus measures as the Democrats seized the Senate and Congress. – Pixabay pic, January 7, 2021

HONG KONG – Hong Kong stocks opened slightly higher this morning, extending gains into a seventh day, as investors welcomed the prospect of more US stimulus measures after the Democrats won the Senate and control of Congress.

Much like elsewhere in Asia and the US yesterday, the invasion of Donald Trump’s supporters on the Capitol in Washington before the situation was brought under control four hours later, was largely shrugged off by Hong Kong investors.  

The Hang Seng Index added 0.09%, or 23.64 points, to 27,715.94.

The benchmark Shanghai Composite Index edged up 0.06%, or 2.03 points, to 3,552.91, while the Shenzhen Composite Index on China’s second exchange eased 0.11%, or 2.76 points, to 2,418.74. – AFP, January 7, 2021

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