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Hong Kong Hang Seng rises 1.7%

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Capital Market
Headline shares of the Hong Kong market were higher on Monday, 26 November 2018, as investors chased for bargain hunting in recently beaten shares on tracking firm lead from Mainland A-share market today. In afternoon trade, the Hang Seng Index inclined 439.43 points or 1.7% to 26,367.11. The Hang Seng China Enterprises Index rose by 135.76 points or 1.3% to 10,524.29.

OFFSHORE MARKET NEWS: Wall Street stocks resumed their downward slide in a holiday-shortened session on Friday (Nov 23) as a sharp drop in oil prices sparked global growth worries. The Dow Jones Industrial Average finished down 0.7% at 24,285.95. The broad-based S&P 500 also shed 0.7% to 2,632.56, while the tech-rich Nasdaq Composite Index slid 0.5% to 6,938.98.

 

The major European markets turned in a mixed performance on Friday. The U.K.'s FTSE 100 Index edged down by 0.1%, while the French CAC 40 Index rose by 0.2% and the German DAX Index climbed by 0.5%.

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First Published: Nov 26 2018 | 9:54 AM IST

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