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Shanghai, Hong Kong Stocks Up After China Reform Pledge

Hong Kong, Dec 22, 2015 (AFP) – Shanghai and Hong Kong stocks climbed Tuesday, tracking a Wall Street rally and following pledges from China’s leaders to push fresh reforms to shore up the world’s number two economy.

The benchmark Shanghai Composite Index rose 0.26 percent or 9.30 points to 3,651.77. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 0.92 percent or 21.64 points to end at 2,379.63.

In Hong Kong the Hang Seng Index gained 0.18 percent, or 38.34 points, to close at 21,830.02.