HK stocks open sharply higher, lifted by new measures
Hong Kong stocks surged more than three percent at the open on Monday after the central government unveiled measures aimed at rescuing the country's property sector and moved to ease some Covid measures. The Hang Seng Index rose 3.9 percent to 17,999 -- after rocketing more than seven percent on Friday owing to easing fears over US interest rate hikes. The Shanghai Composite Index added 0.4 percent to 3,100, while the Shenzhen Composite Index rose 0.2 percent to 2,020. (AFP)