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January 12, 2018

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HK stocks extend record run

Source: AFP | 00:01 UTC+8 January 12, 2018 | Print Edition

HONG Kong stocks extended their record run into a 13th day yesterday, helped by inflows of cash from mainland traders, while Shanghai clocked up a 10th day of gains.

The Hang Seng Index rose 0.15 percent, or 46.67 points, to close at 31,120.39.

Global markets have been on a tear at the start of 2018, with Wall Street chalking up records, and others hitting multi-year highs on the back of a healthy economic outlook and optimism for corporate profits.

But while most traders from New York to most of Asia have taken a step back, Hong Kong and Shanghai have pressed on, with the HSI now setting its sights on an all-time high of 31,958.41 hit in October 2007.

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