October 19, 2020

Hong Kong Market rises on Ant Group IPO approvals

Source:

Key Topics in this News Article:

Alibaba Ant Group Apple Bank China Coronavirus Donald Trump E-Commerce Elections France Hong Kong HSBC Hypermarket IPO Online Payment Online Shopping Retail stock market United States Vaccine

News Snapshot:

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…

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Hong Kong Market rises on Ant Group IPO approvals

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