Posted on

Hang Seng finishes at five-month high on bright sentiment over trade deal, Wall Street gains

Hong Kong stocks soared to a five-month high on Friday, as investors took their cues from Wall Street gains overnight and steady progress on the US-China trade deal, while profit taking drove China markets lower.The Hang Seng Index jumped 1.3 per cent to close at 28,225.42, the highest level since July 26. It also stood above the psychologically important 28,000-point mark, after trading resumed following the Christmas holiday.The benchmark plunged in early August amid worsening anti-government…

Source: South China Morning Post