Mainland Chinese industrial profits surged 28 per cent from a year earlier in October, the fastest gain in almost nine years. Photo: Xinhua
Mainland Chinese industrial profits surged 28 per cent from a year earlier in October, the fastest gain in almost nine years. Photo: Xinhua
Business /  Markets

Hang Seng Index hits nine-month high as Chinese industrial profit report reassures investors mainland recovery is under way

  • Cyclical stocks such as banks and property developers lead gains, buoyed by an acceleration in profit growth for Chinese industrial companies
  • Industrial profits grew at the fastest pace in nine years, increasing 28 per cent in October

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 5:01pm, 27 Nov, 2020

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Mainland Chinese industrial profits surged 28 per cent from a year earlier in October, the fastest gain in almost nine years. Photo: Xinhua
Mainland Chinese industrial profits surged 28 per cent from a year earlier in October, the fastest gain in almost nine years. Photo: Xinhua
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