Friday 29 Mar 2024
By
main news image

HONG KONG (Nov 17): Hong Kong shares opened up 0.9 percent on Monday as investors cheered the first day of trading of the landmark Shanghai-Hong Kong stock connect scheme.

The Hang Seng index opened higher following a stronger opening in the index futures, which rose 1 percent. Ahead of the launch, Hong Kong's stock market has rallied nearly 14 percent since it was announced in April.

The trading link will let international investors trade Shanghai-listed shares directly for the first time via the Hong Kong stock exchange, and mainland China investors to trade in Hong Kong shares via the Shanghai Stock Exchange.

It marks latest step towards opening China's tightly controlled capital markets.

 

      Print
      Text Size
      Share