HSI Gains Ground In Morning Trade
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2019-06-10 HKT 12:52
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Hong Kong stocks rallied more than 2 percent in morning trade on Monday, in line with a regional rally.
Dealers said investor sentiment improved after US President Donald Trump dropped plans to impose tariffs on Mexico, while soft Chinese trade data fuelled hopes for monetary easing measures by Beijing.
The Hang Seng Index rose just over 2 percent, to 27,513 by the lunch break.
Tech shares generally did well. Tencent surged nearly 3 percent to HK$340.
Gaming plays were impressive too. Galaxy Entertainment jumped 6 percent.
Stocks across the border also climbed.
The Shanghai Composite Index put on about 1 percent, and Shenzhen shares gained 1.6 percent.
Regional shares headed north as well. Stocks in Tokyo and Taipei each rose about 1 percent. (Additional reporting by AFP)
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