Hong Kong shares hit record high on global optimism

Shares in Hong Kong on Tuesday joined the global optimism that pushed Wall Street to another record overnight and the Asian stocks to their highest level in 10 years.

Monday’s market anxiety stemming from Saudi Arabia’s anti-corruption campaign evaporated, strengthening belief that the bull run in Hong Kong is likely sustainable, reports Reuters.

Both the Hang Seng index and the Hong Kong China Enterprises Index gained 1.2 per cent, to 28,943.64 points and 11,663.07, respectively.

The HSI’s rise took it to the highest point since December 2007.