Hong Kong shares end morning sharply higher in rebound; Country Garden in focus |
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Published
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Fri, 20 Apr 2007 06:10
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HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply higher in a rebound after yesterday's sharp drop, with investors hoping that China will take a measured approach as it tries to cool down its economy, dealers said.They noted that the Shanghai market also bounced back after dropping 4.5 pct yesterday due to worries over possible macro-economic tightening measures.China is widely expected to announce further policy tightening measures after first-quarter gross domestic product growth and March inflation came in stronger than expected.Mainland property developer Country Garden Holdings was in focus as it posted sharp gains on its trading debut.The Hang Seng Index ended the morning up 180.94 points or 0.89 pct at 20,480.65, off a low of 20,474.31 and high of 20,549.92.Turnover was 32.55 bln hkd.Country Garden closed the morning at 7.2 hkd, up 34 pct from IPO price of 5.38 hkd.(1 usd = 7.8 hkd)roby.lau@xfn.comrl/rc
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| Stock
Quotes * |
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NASDAQ
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2792.28 |
22.57 (
0.81 %)
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| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
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CARNIVAL
(
11:35am )
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2017.00 |
46.00 (
2.42 %)
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WHITBREAD
(
11:35am )
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1662.99 |
33.99 (
2.09 %)
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| SYMBOL (
2012-01-19 )
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| LAST |
CHANGE
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IBM
(
12:34pm ) |
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181.50 |
0.43 (
0.24 %)
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| SYMBOL (
2012-01-19 )
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CHANGE
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Hong Kong shares outlook - Higher on fund inflows following overseas lead 