Hong Kong stocks close Year of Rooster with strong finish

The gains from its three-day advance is at 5.6%.

Hong Kong stocks capped the Year of the Rooster on steady footing with gains (5.6%) from its three-day advance breaking a two-year high, according to Bloomberg.

This comes as US traders shrugged off inflation concerns to place their bets on Hong Kong stocks even as the market still reels from a massive $475m selloff loss just last week.

Overall, the HSI performed strongly in the Year of the Rooster after posting 33% gains and clocking in eight record highs before being devastated by the recent selloff. 

If the market’s performance this year is any indication of market volatility, investors are in for yet another unexpected year ahead with the Year of the Dog.  

Here’s more from Bloomberg: