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Hong Kong shares open higher on overseas gains, earnings leads


Published : Fri, 09 Mar 2007 03:34
By : Agencies
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HONG KONG (XFN-ASIA) - Share prices opened higher on improving investor sentiment as Wall Street and other overseas markets continue to recover from last week's big plunge, dealers said.

They said the market is also being supported by a batch of strong earnings results from local companies and a new corporate income tax policy in China that lowers tax for mainland firms.

The Hang Seng index opened up 83.93 points or 0.44 pct at 19,259.1.

roby.lau@xfn.com

rl/rc

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