Hong Kong stocks regain momentum, Nikkei soars - RTHK
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Hong Kong stocks regain momentum, Nikkei soars

2017-12-08 HKT 09:54
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  • Hong Kong market was lifted by strong signals from Wall Street. File photo: RTHK
    Hong Kong market was lifted by strong signals from Wall Street. File photo: RTHK
Hong Kong stocks ended the morning with strong gains on Thursday, tracking gains on Wall Street with technology firms rallying at the end of a tumultuous week.

The Hang Seng Index rose 0.9 percent, to 28,550 by the break.

On the mainland, the benchmark Shanghai Composite Index changed course to edge up 0.2 percent, to 3,278 and the Shenzhen Composite Index gained 0.8 percent to 1,884.

Tokyo ended the morning session 1.2 percent higher, extending Thursday's 1.5 percent rise, helped by a weaker yen as well as a forecast-busting reading on Japanese economic growth.

The economy grew twice as fast as previously estimated, officials said, thanks to rising exports and increased spending by Japanese firms on equipment and facilities.

Sydney put on 0.3 percent, Singapore climbed 0.7 percent and Seoul was up 0.3 percent.

The gains were helped by a surge across tech firms, which has suffered heavily from profit-taking this past week as dealers shift into sectors likely to benefit more from the US tax cuts. (AFP)

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Last updated: 2017-12-08 HKT 12:32