Hong Kong stocks rose 0.99 per cent after US President Barack Obama announced legislators had struck a last-minute deal to avert a debt default.
The benchmark Hang Seng Index gained 223.12 points to 22,663.37 on turnover of HK$63.04 billion ($A7.37 billion) on Monday.
Regional markets reacted with relief to news that Washington had come to an agreement on raising the country’s debt ceiling to avoid defaulting on its debt repayments, a situation many fear could spark another global financial crisis.
Your Comments