Hong Kong stocks extend New Year gains with 3.5-per-cent rise
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Mon, 05 Jan 2009 08:35:55 GMT |
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Hong Kong - Hong Kong stocks continued their positive start to 2009 Monday with a second day of gains, rising by almost 3.5 per cent. The blue-chip Hang Seng Index climbed 520.5 points, or 3.46 per cent, to close at 15,563.31. Turnover was 49.4 billion Hong Kong dollars (6.37 billion US dollars). Monday's rise followed a 4.55-per-cent surge Friday, the first trading day of the year, representing the biggest one-day jump in share prices for more than one month. The increasing share prices follow a rally on Wall Street Friday and were led by Hong Kong-listed China shares, particularly China Telecom which rose strongly on expectations of the issuance of 3G licences in China.
Copyright DPA
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