Hong Kong Stocks Cap Biggest Post-Lunar Holiday Gain Since 2009

Hang Seng Index climbs more than 3%, financials lead rally
Nasdaq Golden Dragon China Index rose 5% during the holidays

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By Abhishek Vishnoi and Ishika Mookerjee

February 3, 2022 at 2:42 AM EST

Updated on

February 4, 2022 at 3:36 AM EST

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Hong Kong stocks posted their biggest post-Lunar New Year holiday advance since 2009, as traders played catch-up to gains in global equities and a rally in financials outweighed the impact of an overnight tech rout in the U.S.

The Hang Seng Index closed up 3.2% on Friday. AIA Group Ltd. and HSBC Holdings Plc were among those leading gains. The Hang Seng Tech Index climbed 3.1%. Mainland China markets will reopen on Monday.