India, July 20 -- The Hong Kong stock market on Friday halted the two-day losing streak in which it had slipped more than 90 points or 0.3 percent. The Hang Seng Index now sits just above the 24,825-point plateau although it may be stuck in neutral on Monday.
The global forecast for the Asian markets is fairly directionless amidst a lack of catalysts, with oil and biotechnology stocks likely to fall under pressure. The European and U.S. markets were mixed and flat and the Asian bourses are expected to follow suit.
The Hang Seng finished sharply higher on Friday with gains across the board, especially among the financial shares, technology stocks and properties.
For the day, the index rallied 326.76 points or 1.33 percent to finish at the...