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Home News Asia Pacific

China markets rise as upbeat holiday travel data lifts tourism stocks; Hong Kong shares fall – NBC 5 Dallas-Fort Worth

NEWSROOM by NEWSROOM
February 19, 2024
in Asia Pacific
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This is CNBC’s live blog covering Asia-Pacific markets.

Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell.

The CSI 300 added 0.5% as trading resumed following the Lunar New Year holidays that saw consumer spending jump higher than pre-Covid levels, according to official data. Tourism stocks led the gains, rising 1.2%.

The People’s Bank of China on Sunday held a key policy rate steady as expected, as markets reassess when the U.S. Federal Reserve might start easing its monetary policy this…



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