Hong Kong stocks closed at a two-year high on Monday, as Geely Auto surged after the Chinese car maker said it will form a joint venture with Volvo to develop electric car technology, and tech giant Tencent Holdings advanced to a record high.
Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.
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