Hong Kong shares end morning higher on rebound triggered by DJIA's fresh record |
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Fri, 12 Jan 2007 06:16
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HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply higher as a fresh record close of the Dow Jones Industrial Average overnight encouraged rotational buying of some blue-chip laggards and H-shares, helping the market rebound after four days of losses, dealers said.China-related financials led the rebound as they are expected to benefit from the mainland's approval for issue of yuan-denominated bonds in Hong Kong, while the property sector also regained some ground.The Hang Seng Index ended the morning up 267.85 points or 1.38 pct at 19,653.22, off a low of 19,568.39 and high of 19,680.63.Turnover was 32.6 bln hkd.(1 usd = 7.8 hkd)leonora.walet@xfn.comlw/rc
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Hong Kong shares close lower for 4th straight day; China banks end down - UPDATE 