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Cling Seng Index set for an additional 30,000 check as Alibaba surges, extra China funds enter Hong Kong in document inflows – NEWPAPER24

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Cling Seng Index set for an additional 30,000 check as Alibaba surges, extra China funds enter Hong Kong in document inflows

2021-01-20 03:02:35

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Hong Kong shares rose for a fifth day, lifting the benchmark index closest the 30,000 degree for the primary time since Could 2019 amid a rush of mainland funds. Know-how and pharmaceutical shares rallied whereas Alibaba Group Holding surged.The Cling Seng Index closed 1.1 per cent increased at a 20-month excessive of 29,962.47. The gauge earlier reached 29,993.47, taking it to inside lower than 0.1 per cent of breaking the psychological degree final seen on Could 3, 2019. The market has risen 10 per cent this…

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