Pedestrians walk past Exchange Square in Central, Hong Kong. Hong Kong stock investors have never been so bullish in greeting a new year since 2011. Photo: EPA-EFE
Hang Seng Index marks best start to year since 2011 as banks and insurers rally while Xiaomi plunges
- Hong Kong markets completed a third week of gains, lifting the benchmark index to highest level before the Wuhan lockdown a year ago
- Xiaomi crashed by a record 10 per cent on US sanctions, while insurer AIA Group and Chinese bank stocks pushed the market to its best opening two weeks of year since 2011
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Stocks
Pedestrians walk past Exchange Square in Central, Hong Kong. Hong Kong stock investors have never been so bullish in greeting a new year since 2011. Photo: EPA-EFE