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Asian stocks extend rally

Published 07/19/2017, 11:08 PM
Updated 07/19/2017, 11:39 PM
© Reuters.  Markets in Asia continued to rally Thursday while Hong Kong hit two-year highs.

© Reuters. Markets in Asia continued to rally Thursday while Hong Kong hit two-year highs.

INVESTING.COM – Asian equity markets were broadly up on Thursday morning, resuming a climb that has taken stocks around the world higher for more than a week.

Hong Kong's Hang Seng Index was up 0.20% at mid-morning to 26,725. Hong Kong shares have rallied as investors from mainland China look to the territory for investment options. The Hong Kong market has not been this high since 2015.

China's markets gained ground for the second day in a row. The Shanghai Composite Index as up 0.22% to 3,238. The Shenzhen Composite Index was up 0.64% to 1850.

In Japan, the Nikkei rose 0.35% to 20,092 in morning trade. Korea's Kospi 50 was up 0.17% to 2,134.

Thailand was closed for a holiday while the PSEi Index in the Philippines was up 0.17% to 7,986 even as the Philippine peso hovered around 11-year lows and the country's central bank predicted the first current account deficit for the year since 2003. The Jakarta Stock Exchange Composite Index was up 0.25% to 5,821.

Singapore's FTSE Straits Times Index was down 0.16% to 3,319.

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