Stocks Blog: Hang Seng turns up on reports of US, China deal to remove extra tariffs in phases

  • CK Life Sciences market valuation passes HK$10 billion
  • CSPC Pharmaceutical rises 4.4 per cent 

Topic |   Stocks Blog
Investors have turned their attention to innovative drug development. CK Life Sciences is one company whose shares have shot up. Above, a scientist transfers fluids into a tube at the Driver laboratory in Shantou, China. Photo: China

Good day, traders --

The Hang Seng Index rallied in late afternoon on news China and US agreed to remove additional tariffs in phases. In China, where markets close earlier, the Shanghai Composite Index closed flat at 2,978.71.

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-- Deb Price and Snow Xia in Hong Kong