Hong Kong Rebounds 5% After Monday Plunge
The Hang Seng Index (HSI) rebounded on Tuesday after Monday's fall, soaring nearly 5% to 22,663.49 points.
One of the largest gainers today in Hong Kong was the Chinese meat and food producer, WH Group Ltd., (HKEX: 0288) which soared nearly 11% to HK$6.60 per share. The vehicle maker, Geely Automobile Holdings Ltd. (HKEX: 0175) surged 11% at HK$11.16 per share.
One of the world's largest telecommunications companies' China Unicom (Hong Kong) Ltd. (HKEX: 0762) rose 10% to HK$4.50 per share and power tool maker Techtronic Industries Company Ltd. (HKEX: 0669) gained nearly 10% at HK$46.60 per share.
By midday Tuesday, New York also saw some big gains. The Dow Jones soared 9% to 20,338.30 points, while the S&P 500 rose 8% to 2,42.58 points.
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