Hong Kong Stocks Surge More Than 5 Percent

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2022-11-01 HKT 19:15

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  • The Hang Seng Index rallies to its highest level in more than a week. Image: Shutterstock

    The Hang Seng Index rallies to its highest level in more than a week. Image: Shutterstock

The Hang Seng Index jumped more than 5 percent on Tuesday amid bargain hunting.

Traders were also looking ahead to a US Federal Reserve's policy decision, hoping it will signal a more dovish approach to fighting inflation.

The index finished 768 points or 5.23 percent higher at 15,455, its highest in more than a week.

Turnover reached HK$153.8 billion.

The Hang Seng Tech Index gained nearly 8 percent.

The Shanghai Composite Index climbed 2.62 percent, or 75 points, to 2,969, while the Shenzhen Composite Index surged 2.97 percent, or 55 points, to 1,942. (RTHK/Agencies)

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