BEIRUT

International

Hong Kong shares extend gains after deal averts fiscal cliff

An investor looks at the stock price monitor at a private securities company Thursday, Feb. 9, 2012 in Shanghai, China. Mainland Chinese shares edged higher with the benchmark Shanghai Composite Index gaining 0.1 percent, or 2.06 points, to 2,349.59. (AP Photo)

HONG KONG: Hong Kong shares extended gains at the resumption of trade after lunch on Wednesday, led by growth-sensitive counters after the U.S. Congress passed a bill that averted a fiscal crisis, warding off fears of a recession in the world's largest economy.

The Hang Seng Index was up 2 percent at 23,111.9 at 0320 GMT, its highest since June 2011. The China Enterprises Index of the top Chinese listings in Hong Kong was up 2.9 percent.

 

Recommended

Advertisement

Comments

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)

comments powered by Disqus

Advertisement

FOLLOW THIS ARTICLE

Interested in knowing more about this story?

Click here