Hong Kong shares soar 9% on China pledge to support economy

Hong Kong shares soar 9% on China pledge to support economy

2 years ago
Anonymous $R5WK5a8uaN

https://apnews.com/78b45cd54ec5594ecd289d97c3d6b923

TOKYO (AP) — Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy.

The surge was a reprieve from recent heavy selling of Chinese technology companies and other pressures that had taken the Hang Seng to six-year lows.