MOSCOW, October 6 (RIA Novosti) – Hong Kong shares have risen the most in a month, as pro-democracy protestors have started to thin out and following last week’s report on the improving economy published by the U.S. Labor Department, Bloomberg reported.
The benchmark Hang Seng Index has gained 250.48 points to 23,315.04 (1.1 percent increase) by Monday evening on turnover of $HK72.57 billion (USD $9.36), as the protestors have started to clear out the street, The Australian said.
Following the U.S. Labor Department’s announcement last Friday that the United States created 248,000 jobs in September and the unemployment rate was at its lowest over the last six years – 5.9 percent – stocks on Wall Street revealed solid gains, Reuters said.
The report might be indicating the U.S. economy is on track to recovery.
The Hang Seng Index dropped by 2.6 percent last week, the biggest dip since March, after the Hong Kong police used tear gas and pepper spray attempting to stop the protestors.
