HK stocks rise after US recession fears ease - RTHK
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HK stocks rise after US recession fears ease

2024-08-16 HKT 10:27
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  • The Hang Seng Index rose by over a percentage point in early trading. Photo: RTHK
    The Hang Seng Index rose by over a percentage point in early trading. Photo: RTHK
The Hang Seng Index gained 176.9 points, or 1.03 percent, to open at 17,286.04 points on Friday.

It follows a strong performance by Wall Street stocks overnight, where the market was boosted by stronger than expected retail sales.

July US retail sales increased one percent after a downwardly revised 0.2 percent drop in June, easing fears of a sharp economic slowdown fanned by a jump in the unemployment rate last week. (with additional reporting from Xinhua and Reuters)

HK stocks rise after US recession fears ease