Hang Seng prolonged rally on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Hang Seng Index rose for the third consecutive day on Tuesday on global easing expectations. Hang Seng Index rose 1.08% to 19,796.81. Financial stocks posted the strongest gains after S&P Ratings Services announced that Chinese banks' creditworthiness is strong despite fast growth in banks' overseas assets. China Construction Bank and Bank of China jumped 3.35% and 1.71%. Meanwhile, Hang Lung Properties was the top-gainer, soaring 3.76%. The property developer reported that its net income attributable to stockholders surged 55% in the first half of the year. Other real estate companies also followed bullish trend. China Resources and Sino Land went higher by 2.61% and 1.52%

 

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