Shanghai, Hong Kong rally by break

Shanghai, Hong Kong rally by break
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Summary The benchmark Shanghai Composite Index jumped 2.58 percent, or 85.60 points, to 3,402.30

HONG KONG (AFP) - Hong Kong and mainland stocks were up strongly by the break on Wednesday after China s central bank chief announced a trade link between the Shenzhen and Hong Kong stock exchanges scheduled for later this year.

Hong Kong s benchmark Hang Sang Index jumped 3.12 percent, or 704.23 points, to 23,272.66 on the news.

The Shenzhen Composite Index, which tracks stocks on China s second exchange, surged 3.34 percent, or 66.41 points, to 2,053.88.

The benchmark Shanghai Composite Index jumped 2.58 percent, or 85.60 points, to 3,402.30.

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