Hong Kong stocks kicked off the week’s trading on a solid note on Monday, as the market opened for trading despite Typhoon Tapah triggering a No 8 signal that remained in force through the morning session.
The Hang Seng Index gained 0.9 per cent to close at 25,633.91, its highest in two weeks. The Hang Seng Tech Index rose 1.2 per cent. The No 8 signal was downgraded to No 3 at 1.10pm.
The stock exchange closed during typhoon signals and heavy rain warnings for 70 years, until Chief Executive John Lee Ka-chiu announced a change in June 2024. The first session under a typhoon signal took place in November.
The mainland’s markets consolidated after the wild swings last week, as the CSI 300 Index strengthened 0.2 per cent and the Shanghai Composite Index added 0.4 per cent.
JD Logistics surged 3.4 per cent to HK$13.53 as the company was added to the Hang Seng Index in the latest quarterly reshuffle. Fellow newcomers China Telecom added…
