NTDTV
Market Report – Hong Kong Jumps
(NTDTV)
And in today’s Market Report… Hong Kong shares jumped to 10-month highs on improving growth prospects, leading Asian stocks higher overall.
Energy stocks like Sinopec topped regional gainers, while top property developer Sun Hung Kai gained sharply after a brokerage upgrade.
Japan’s Nikkei climbed again as exporters like Sony advanced, riding a wave of confidence about U.S. consumer spending after Apple’s solid earnings.
Toyota Motor gained as the yen eased slightly, while Hyundai saw its best operating profit margin in five years in the last quarter.
The $650 million net profit was a record for the carmaker, but shares ended lower as Hyundai says the global car market remained uncertain in the second half of the year.
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