Source:
https://scmp.com/business/money/markets-investing/article/1094802/hang-seng-index-breaks-22000-hot-money-surge
Money/ Markets & Investing

Hang Seng Index breaks 22,000 on hot money surge

Market records third straight month of gains as HKEx increases size of share offering

Hong Kong Exchanges and Clearing increased the size of its first share offering in 12 years to US$1 billion. Photo: Reuters

The Hang Seng Index crossed the 22,000-point level yesterday as market sentiment continued to strengthen amid an influx of hot money.

The index rose 107.5 points, or 0.49 per cent, to close at 22,030.39. With that, the index has risen 1.8 per cent in November, making it the third straight month of gains.