ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Nikkei Markets

Hong Kong shares jump after China cuts tariffs on US goods

Crude lifts oil shares while supply concerns amid virus spur consumer stocks

HONG KONG (Nikkei Markets) -- Hong Kong shares closed at more than a one-month high on Thursday after China's announcement of a reduction to tariffs on some U.S. goods and speculation of support from mainland investors buoyed sentiment.

The Hang Seng Index advanced 2.6% to 27,493.70, its highest close since Dec. 24. With Thursday's gain, the gauge this week recovered most of last week's 5.9% drop.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more