Hang Seng leaps by more than 500 pointsStocks are higher in Hong Kong after China reported that the economy, battered by the coronavirus, shrank by 6.8 percent in the first quarter. Investors had priced in the weakness in the economy. The benchmark Hang Seng Index is up by 541.65 points at 24,548.10. In mainland China, the Shanghai Stock Exchange Composite Index climbed by 0.76 percent at 2,841.28. The Shenzhen Stock Exchange Composite Index is at 1,761.87, higher by 1 percent.

Source: The Standard April 17, 2020 03:33 UTC