HK stocks breach 28,000 for first time since 2015

Updated 2017-08-28 15:05:07 CGTN

Hong Kong stocks broke above 28,000 points on Monday for the first time in over two years, as U.S. Federal Reserve chairman Janet Yellen decided not to comment on U.S. monetary policy at the world central bankers' annual meeting in Jackson Hole on Friday, revealing the US is unlikely to raise interest rates in December.

The Hang Seng Index peaked at 28,071.59 points during morning trade, the highest level since May 28, 2015, before settling as the day progressed. The Hang Seng China Enterprises Index increased 1.17 percent, or 131.65 points, to 11,420.01 by 11:00 a.m. local time.

The Shanghai Composite Index added 0.96 percent, or 32.10 points, to 3,363.62 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.55 percent, or 164.89 points, to 10,823.90.

On Friday, the Dow Jones Industrial Average closed 0.1 percent higher at 21,813.67 points and the S&P 500 tacked on 0.2 percent to 2,443.05. However, the Nasdaq Composite slipped 0.1 percent at 6,265.65.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 23 2018 21:47:44

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 23 2018 21:47:44

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 23 2018 21:47:44

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords