Text size
INCORPORATES Hong Kong open
Mainland Chinese stocks soared more than 10 percent at the open Tuesday as traders resumed a blistering rally after a week-long break hoping for more economy-boosting measures from Beijing, which unveiled a slew of stimulus last month.
The Shanghai Composite Index surged 10.13 percent, or 337.91 points, to 3,674.40, and the Shenzhen Composite Index on China’s second exchange piled on 11.37 percent, or 219.09 points, to 2,146.57.
However, Hong Kong’s Hang Seng Index slipped 4.18 percent, or 965.00 points, to 22,134.78 on profit-taking after a healthy run-up last week.
The gains in China come ahead of a planned news conference later in the morning in which policymakers are expected to flesh out the policies.
Investors have been racing back into stocks on the mainland and Hong Kong since authorities began announcing a raft of stimulus measures to…
