Hang Seng Index tops 30,000 as mutual funds load up Hong Kong stocks, Biden inauguration spurs Asia-wide rally

//Hang Seng Index tops 30,000 as mutual funds load up Hong Kong stocks, Biden inauguration spurs Asia-wide rally

Hang Seng Index tops 30,000 as mutual funds load up Hong Kong stocks, Biden inauguration spurs Asia-wide rally

Hong Kong stocks advanced as traders greeted the inauguration of President Joe Biden by driving the benchmark index past the 30,000-point level for the first time since May 2019 amid record purchases by mainland funds.The Hang Seng Index climbed to as high as 30,135.50 before easing to 30,012.19 at local noon break for a 0.2 per cent gain. The gauge has risen 10.2 per cent since the last trading day of 2020, marking the market’s most bullish start to a year since 1985.The Shanghai Composite…

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By | 2021-01-21T02:08:37+00:00 January 21st, 2021|Business|Comments Off on Hang Seng Index tops 30,000 as mutual funds load up Hong Kong stocks, Biden inauguration spurs Asia-wide rally