Press Releases in Hong Kong

Hong Kong stocks end higher on Beijing’s RRR cut

Hong Kong stocks closed higher on Monday, boosted by Beijing’s decision to lower banks’ reserve requirements to prop up the economy, while gains in the regional peers also lent support.

At the close of trade, the Hang Seng index was up 170.70 points, or 0.62 percent, at 27,515.24, while the Hang Seng China Enterprises index rose 0.61 percent to 9,945.73.