Hang Seng bouncing along in the third quarter

Business | 10 Nov 2017 5:40 pm

Hong Kong equities rallied in the third quarter in line with the US stocks that have been grinding ever higher.

The blue chip Hang Seng Index closed the third quarter at 27,554, up by 6.9 percent from the level at the end of the previous quarter. The Index rose further over the past month or so, closing at 29,137 on November 9, the Government reported today.

The HSI has risen sharply by 25.2 percent during the first nine months of this year. In parallel, the market capitalization expanded by 9.5 percent over

end-June to a record-high of HK$31.4 trillion at end-September.

The local stock market ranked the sixth largest in the world and the third largest in Asia.

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