Hong Kong Market rises on Ant Group IPO approvals


Source: business-standard.com business-standard.com

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The Hong Kong stock market climbed up on Monday, 19 October 2020, as market mood buoyed by hopes of a US fiscal package before the US presidential elections next month and expectations of a coronavirus vaccine by the end of this year. Market sentiment was also lifted by news that Alibaba Group Holding purchase of China's largest hypermarket operator. At closing bell, the benchmark Hang Seng Index added 1.09%, or 262.21 points, to 24,242.86. The Hang Seng China Enterprises Index rose 0.97%, or 92.80 points, to 9,629.29. Market commenced trading with firm footing on optimism for a new US stimulus...