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Hong Kong stocks surge 3% in afternoon trade

The Hang Seng Index rose 3.00 percent, or 764.02 points, to 26,237.90.

July 29, 2021 / 01:27 PM IST

Hong Kong stocks rose three percent in the afternoon session Thursday, clawing back some of the hefty losses suffered earlier in the week, after Chinese officials sought to soothe concerns about Beijing's recent crackdown on a range of industries.

The Hang Seng Index rose 3.00 percent, or 764.02 points, to 26,237.90.

Mainland shares also rallied, with the benchmark Shanghai Composite Index closing up 1.49 percent, or 50.13 points, at 3,411.72, while the Shenzhen Composite Index on China's second exchange jumped 3.07 percent, or 70.97 points, to 2,384.17.
AFP
first published: Jul 29, 2021 01:27 pm
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