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International Business Times
International Business Times
Business

Hong Kong Leads Stocks Higher, Yen Gains As Ishiba Vows To Stay

Hong Kong's Hang Seng Index was boosted by another rally in tech giants including Alibaba (Credit: AFP)

Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat.

Hong Kong topped 25,000 points for the first time in three years as tech giants advanced following strong earnings from Taiwanese chip giant TSMC and news US titan Nvidia would be allowed to export key semiconductors to China.

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