Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: HONG KONG

Monday 16 August 1999 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

STOCKS SOARED to a sharply higher close, lifted by expectations that Wall Street would continue its strong run and quiescent inflation would allow US and local rates to remain at current levels.

The Hang Seng closed up 286.60 points or 2.27 per cent at 12,894.78 but off its day high of 12,997.12.

But analysts warned the market's gains came on the back of light volume in the cash market and active trading in futures, conditions that were ideal for increased volatility.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in