Hong Kong stocks ended higher Friday to post their best weekly gainer in a month, as investors understand that Beijing’s new security law will benefit local markets and lead to more listings by Chinese companies.
At the close the Hang Seng was up 248.93 pts or 0.99% at 25,373.12. The Hang Seng China Enterprises index rose 1.85% at 10,243.29.
On the week, HSI gained 3.4%, while HSCE climbed 4%
New Hong Kong security laws came into effect Wednesday that will punish crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, heralding a new era for China’s freest city.
The Shanghai Composite index closed up 2.01% at 3,152.81, while the blue-chip CSI300 index climbed 1.93% at 4,419.60 pts, its highest mark since 1 July 2015.
The smaller Shenzhen index ended up 1.28% and the start-up board ChiNext Composite index rose 1.574%.
On the week, SSEC rose 5.8%, its best since March 2019, while the CSI300 gained 5.8%, its best since November 2015.
Japan’ benchmark Nikkei average added 0.3% at 22,220.33 by the midday break, taking a positive cue from a record surge in US June NFPs and Wall Street’s Thursday rally.
The broader Topix added a marginal 0.1% to 1,544.95 by the midday recess.
Australian shares rose Friday, on track for a 4th straight session of gainers, after a record surge in US payrolls for June raised hopes that a recovery from the C-19 coronavirus-led economic downturn was happening.
The S&P/ASX 200 index rose 1.05% to 6,096 pts in early trade.
New Zealand’s, the benchmark S&P/NZX 50 index rose 0.91%, helped by industrial stocks
Data as of 3 July 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||3:45am EDT||136.24||+0.79||+0.58%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||5:45am EDT||307.00||+5.02||+1.66%|
|.TRXFLDINP||Thomson Reuters Equity India Index||6:07am EDT||1,212.42||+6.22||+0.52%|
|.N225||Nikkei Stock Average 225||2:15am EDT||22,306.48||+160.52||+0.72%|
|.HSI||Hang Seng Index||4:08am EDT||25,373.12||+248.93||+0.99%|
|.AORD||ASX All Ordinaries Index||2:42am EDT||6,163.70||+21.40||+0.35%|
|.KS11||KOSPI Index||5:03am EDT||2,152.41||+17.04||+0.80%|
|.SETI||SET Composite Index||5:43am EDT||1,372.27||-1.86||-0.14%|
|.JKSE||Jakarta Composite||4:14am EDT||4,973.79||+7.01||+0.14%|
|.PSI||PSE Composite Index||12:50am EDT||6,372.66||+8.58||+0.13%|
|.SSEC||Shanghai Composite Index||3:00am EDT||3,152.81||+62.24||+2.01%|
|.BSESN||S&P BSE Sensex||6:21am EDT||36,021.42||+177.72||+0.50%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||5:04am EDT||1,552.65||+16.37||+1.07%|
|.HNX30||HNX 30 Index||1 Jul 2020||214.39||-0.77||-0.36%|
Have a Happy Star Spangled Weekend, Keep the Faith!
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