Hong Kong hits 7 month highs
The Hang Seng reached its highest level for 7 months today and showed the fastest gains in 7 weeks, up 1.6 per cent. The markets were boosted by yesterday’s manufacturing data from the US and two reports from China showing increased growth for June. Other major Asian stocks have also had a good Wednesday, with Tokyo, Sydney, Shanghai and Seoul all gaining. European stocks have started the day mostly up due to the gains in Asia and the positive data. Read the full story.