Hong Kong and mainland stocks rallied in the morning trading session today. In mainland China, the Shanghai Composite Index climbed by 0.8 percent at 3,430.88 points. Shares of Shenhua Energy will be excluded from the index constituents on September 7. Shares of Hong Kong Exchanges and Clearing (0388) hit a record high of HK$397.80 before paring the gain to 3.68 percent, trading at HK$394.60 at midday. Shares of blue-chip newcomers Alibaba (9988) and Xiaomi (1810) both hit record highs, rising by 3.68 percent and 6.67 percent, respectively.

Source: The Standard August 31, 2020 06:00 UTC