Hong Kong stocks close sharply higher

Business & Finance
13 Jan 2023 • 5:16 PM MYT
Malay Mail
Malay Mail

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HONG KONG, Jan 13 — Hong Kong stocks ended another strong week on a positive note today as traders welcomed data showing US inflation slowing further in December, raising hopes the Federal Reserve would ease back in its monetary tightening drive.

The Hang Seng Index rose 1.04 perc ent, or 224.56 points, to 21,738.66.

The Shanghai Composite Index rallied 1.01 per cent, or 31.86 points, to 3,195.31, while the Shenzhen Composite Index on China’s second exchange climbed 0.90 per cent, or 18.38 points, to 2,067.16. — AFP

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