Hong Kong shares close sharply higher led by properties; index regains 20,000 |
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Mon, 15 Jan 2007 09:31
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HONG KONG (XFN-ASIA) - Share prices closed sharply higher led by properties and banks, with the benchmark index regaining the key 20,000 level after another record close on Wall Street Friday, dealers said.They said property stocks attracted interest on hopes of strong home sales and housing prices this year, while banks were underpinned by hopes that they will benefit from increased yuan business in Hong Kong.The Hang Seng Index closed up 455.15 points or 2.32 pct at 20,068.56, after moving in the range of 19,746.07 and 20,073.29.Turnover was 56.15 bln hkd.The property sector index was up 712.78 points or 2.97 pct at 24,725.66.roby.lau@xfn.comrl/rc
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Hong Kong shares close sharply higher, rebounding after DJIA record finish 