Financial Stocks Lead Gains in Asia

Asia-Pacific stocks started the week higher, led by financial stocks in Hong Kong and Singapore as markets in China and Japan are closed for holidays.

Hong Kong’s Hang Seng Index, after underperforming of late with two straight weeks of declines, rose 1.5% early Monday as financial stocks climbed about 2% after China’s central bank said late Friday it would give banks and asset managers longer than expected to comply with new rules intended to rein in risky lending in the financial system.

Source link


Loading ....

Leave a Reply

Your email address will not be published. Required fields are marked *