Hang Seng Index Rises Nearly 2% in Hong Kong Trading
Xinhua News Agency, Hong Kong – March 21, 2022
The Hang Seng Index in Hong Kong saw a significant increase on March 21, with a rise of 320.03 points, or 1.93%, to close at 16863.1 points. The main board transaction volume for the day reached HK$118.051 billion.
The state-owned enterprise index also experienced gains, rising 101.28 points to close at 5905.27 points, an increase of 1.75%. The Hang Seng Technology Index rose as well, with a gain of 31.48 points to close at 3582.9 points, a rise of 0.89%.
Several blue-chip stocks saw positive movement, with Tencent Holdings rising 0.83% to close at HK$291.2 and HSBC Holdings rising 2.18% to close at HK$60.9. In addition, Hong Kong Exchanges and Clearing rose 0.75% to close at HK$242, and China Mobile rose 1.21% to close at HK$66.85.
Local Hong Kong stocks also saw gains, with Cheung Kong Holdings rising 2.79% to close at HK$36.8, Sun Hung Kai Properties rising 1.66% to close at HK$76.35, and Henderson Land rising 4.55% to close at HK$23.
Chinese financial stocks experienced positive movement, with Bank of China rising 2.49% to close at HK$3.29, China Construction Bank rising 2.75% to close at HK$4.85, and Industrial and Commercial Bank of China rising 1.79% to close at HK$3.98.
In the petroleum and petrochemical sector, Sinopec rose 0.44% to close at HK$4.58, PetroChina rose 2.18% to close at HK$6.57, and China National Offshore Oil rose 0.77% to close at HK$18.22.
Overall, the Hang Seng Index showed strong performance on March 21, reflecting positive investor sentiment in the Hong Kong market.