Hang Seng off to bullish start in Year of the Ox

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  • 2021-02-16 HKT 10:09″ title=”The Hang Seng Index jumped by nearly 2 percent. Photo: RTHK”>


    The Hang Seng Index jumped by nearly 2 percent. Photo: RTHK
    The Hang Seng Index jumped by nearly 2 percent. Photo: RTHK

The Hong Kong stock market on Tuesday started its first trading day in the Year of the Ox with a bang, reaching its highest level since June 2018.

The Hang Seng Index jumped more than 500 points, or 1.7 percent, to open at 30,635.

Speaking at an online ceremony to mark the first day of trading, the financial secretary Paul Chan said the local market had shown its resilience during the uncertainties of the past year.

Meanwhile, the Chief Executive Carrie Lam has hosted a virtual opening ceremony at the Chinese Gold and Silver Exchange. She said she hoped to bring more opportunities to the precious metal sector.

On Monday, Japan’s benchmark Nikkei-225 share index reached its highest level in 30 years, passing the 30,000 mark and regaining the ground lost since the boom years of the eighties and early nineties.