AFP, Hong Kong :
Hong Kong and mainland Chinese shares soared Friday on hopes for a resolution to the China-US trade row after Donald Trump’s upbeat tweet about talks with Xi Jinping and a report he had asked for a draft deal to be drawn up.
The Hang Seng Index climbed 4.21 percent, or 1,070.35 points, to 26,486.35. The market piled on more than seven percent over the past week.
The benchmark Shanghai Composite Index surged 2.70 percent, or 70.24 points, to 2,676.48, racking up 3.0 percent during the week.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed 3.43 percent, or 44.78 points, to 1,351.09. It added 4.7 percent since last Friday’s close.
Hong Kong and mainland Chinese shares soared Friday on hopes for a resolution to the China-US trade row after Donald Trump’s upbeat tweet about talks with Xi Jinping and a report he had asked for a draft deal to be drawn up.
The Hang Seng Index climbed 4.21 percent, or 1,070.35 points, to 26,486.35. The market piled on more than seven percent over the past week.
The benchmark Shanghai Composite Index surged 2.70 percent, or 70.24 points, to 2,676.48, racking up 3.0 percent during the week.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed 3.43 percent, or 44.78 points, to 1,351.09. It added 4.7 percent since last Friday’s close.
