News
Asia-Pacific markets trade mixed after Friday’s rally
Hang Seng index closed on Friday at highest since March 16
The Hang Seng index in Hong Kong closed its session last Friday 7.7% higher, seeing its best day since March 16, when the index rose 9.08%.
On a weekly basis, the index rose 7.2% as China eased Covid measures, after seeing a gain of 8.73% the previous week on rumors of China’s reopening plans.
The index is up almost 18% month-to-date and could post its best monthly performance since April 1999, when the Hang Seng index gained 21.85%.
— Gina Francolla, Jihye Lee
Source: CNBC
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