Hong Kong shares close sharply higher, rebounding after DJIA record finish |
|
|
|
Published
:
Fri, 12 Jan 2007 09:49
|
HONG KONG (XFN-ASIA) - Share prices closed sharply higher, snapping a four-day losing streak as a record close of the Dow Jones Industrial Average overnight on Wall Street encouraged rotational buying of some blue-chip laggards and H-shares, dealers said.China-related financials led the rebound on expectations they will 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 closed up 228.04 points or 1.18 pct at 19,613.41, off a low of 19,523.76 and high of 19,680.63. For the week the index was down 597.87 points or 2.96 pct.Turnover was 56 bln hkd.The Hang Seng China Enterprises Index was up 162.95 points or 1.71 pct at 9,674.41.(1 usd = 7.8 hkd)leonora.walet@xfn.comlw/rc
|
|
|
|
Print this Story
Hong Kong shares end morning higher on rebound triggered by DJIA's fresh record 