April 25 Hong Kong stocks posted their biggest
percentage gain in nearly six weeks on Tuesday, joining a
region-wide rebound amid euphoria triggered by the
market-friendly outcome of the first round of the French
The Hang Seng index rose 1.3 percent, to 24,455.94,
while the China Enterprises Index gained 1.6 percent, to
Overnight, the MSCI World index surged 1.6
percent to an all-time high, as French stocks jumped more than 4
percent, while Wall Street gained over 1 percent.
The outcome of the French vote of the weekend sharply
reduced expectations of a Brexit-like result in the second round
of the poll in May.
And the market is pricing in expectations that Emmanuel
Macron, an internationalist, would likely defeat anti-euro
nationalist Marine Le Pen in the second round of the French
presidential election in two weeks.
All main sectors in Hong Kong rose, with financials
and technology stocks among the biggest gainers.
(Reporting by the Shanghai Newsroom; Editing by Jacqueline