BCN-08 Hong Kong stocks open with strong gains

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BCN-08

STOCKS-MARKETS-HONGKONG-CHINA-OPEN

Hong Kong stocks open with strong gains

HONG KONG, Jan 7, 2019 (BSS/AFP) – Hong Kong stocks rallied more than one
percent in the opening minutes of trade Monday after China unveiled measures
to make it easier for banks to lend, and the head of the Federal Reserve
sounded a dovish note on interest rates.

The Hang Seng Index jumped 1.52 percent, or 389.81 points, to 26,015.84.

The benchmark Shanghai Composite Index gained 0.55 percent, or 13.83
points, to 2,528.70, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, opened 0.59 percent, or 7.58 points, higher to
1,287.07.

BSS/AFP/HR/0940