Global Market Report - November 21 2017

Hong Kong and China indices powered ahead while European indices were slightly higher despite political distractions over Brexit and Germany

James Gard 21 November, 2017 | 10:54AM


Wall Street’s positive close on Monday set the tone for a rebound in Asian equity markets on Tuesday. Hong Kong’s Hang Seng was the best performer in the region, surging over 500 points to 29,818 – close to pre-financial highs of above 30,000 points. Once again, Tencent (00700) was a star performer on the index, rising over 2% to 430 Hong Kong dollars, and overtaking Facebook (FB) in terms of dollar market capitalisation. China’s CSI 300 also rallied, gaining nearly 2% to 4217.

Ahead of Thursday’s public holiday, Japanese indices managed to push higher despite a lack of strong drivers from earnings announcements and a slight strengthening in the yen against the dollar.


The UK Chancellor, Philip Hammond, received some unwelcome news on the nation’s finances ahead of Wednesday’s Budget statement. While September had seen a fall in public sector net borrowing to £5 billion, October’s borrowing figures were above forecasts at £8 billion.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aggreko PLC356.40 GBX0.79
easyJet PLC486.20 GBX-0.47
Facebook Inc A254.82 USD2.12
Tencent Holdings Ltd503.50 HKD-0.30

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James Gard  is content editor for

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