Shares in Hong Kong at a four-week high, Shanghai helped coal

hong kong, asia, china

The start of a new trading week brought a recovery in key stock markets in Asia. Shares in Hong Kong strengthened by almost two percent, reaching the highest levels in the last four weeks.

The Hang Seng stock market index strengthened by 1.96 percent on Monday and reached almost a four-week high. Technology stocks and Chinese companies helped the stocks the most. The Hong Kong Stock Exchange sub-index, which includes Chinese companies, strengthened by 2.55 percent. Alibaba and Meituan recorded the highest growth of key titles, gaining 7.91 and 8.36 percent, respectively. Alibaba strengthened on the Hong Kong Stock Exchange for the fourth day in a row.

In contrast, shares in Shanghai rose only slightly on Monday. The local CSI300 index, which includes only the so-called blue chips, added only 0.1 percent, while the overall index of the Shanghai Stock Exchange stagnated. Titles from the coal mining sector strengthened the most, strengthening by 4.1 percent. Shares of banks or real estate companies also added more than two percent. Titles from the construction sector went in the opposite direction.


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