Hang Seng soars at close, Next Digital jumps by 331pc

Business | 11 Aug 2020 4:10 pm

Stocks rallied at the close in Hong Kong today. The benchmark Hang Seng Index jumped by 513.25 points, or 2.11 percent at 24,890.68.

Shares in Apple Daily publisher Next Digital (0282)  soared by 331.37 percent at HK$1.100.

At one point the stock had shot up by 668.6 percent at HK$1.96 today. They retreated to around HK$1.50, but still led gains as the third most actively traded stock. Since the close on Friday, they have gained more 2,078, Reuters reports.

Chinese stocks closed lower. The benchmark Shanghai Stock Exchange Composite Index shed 1.15 percent at 3,340.29, while the Shenzhen Stock Exchange Composite Index closed 1.40 percent lower at 13,466.27 points.

The combined turnover shrank to nearly 1.13 trillion yuan from 1.16 trillion yuan the previous trading day.

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