MARKETS & INVESTING | Staff Reporter, Hong Kong

Optimism in the US drives Hong Kong stocks up

The Hang Seng Index saw its biggest rise since 23 August.

A Bloomberg report said, “Hong Kong’s Hang Seng Index rose, its biggest gain in two weeks, as expansion in U.S. service industries boosted the earnings outlook of exporters, and as investors speculated President Barack Obama will propose measures to reinvigorate the world’s largest economy.”

The Hang Seng Index increased 1.7% to 20,048, according to the report, with eight stocks gaining for each that dropped. Meanwhile the Hang Seng China Enterprises Index of Chinese companies listed in Hong Kong rose 1.9% to 10,544.86.

View the report here.

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