6/27, 7:19 AM (Source: TeleTrader)
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Asia-Pacific trades higher, Hang Seng rises over 440 pts

Major stock markets in Asia-Pacific continued trading higher after the local authorities of Shangai declared victory over COVID-19 and the announcement of the Bank of Japan.

Chinese stocks rose on Monday, with the tourism and consumer industries driving gains. Hong Kong stocks posted their biggest rise in nearly six weeks, and tech giants hit their highest level since March 1. Besides, the Bank of Japan (BoJ) announced that it will continue implementing monetary easing to "achieve the price stability target."

At 7:13 am CET, Japan's Nikkei 225 grew by 1.59%, while Australia's S&P/ASX 200 rose 2.06% simultaneously. South Korea's Kospi advanced by 1.94% at 7:15 am CET.

The Shanghai Composite gained 0.70% in mainland China at 7:00 am CET. At the same time, the Shenzhen Composite improved by 1.11%. On the other hand, Hong Kong's Hang Seng rose by 2.09%, or 449 points at 7:16 am CET. The dollar went down by 0.36% compared to the Japanese yen at 7:18 am CET, trading for ¥134.7420.

Baha Breaking News (BBN) / JG