HK Stocks End Higher On Positive Export Data
Source: Xinhua |
January 12, 2010, Tuesday
|
Print Edition
Print Edition
HONG Kong stocks finished higher yesterday on a reversal to positive year-on-year growth in the Chinese mainland's exports, with the benchmark Hang Seng Index up 0.52 percent to close at 22,411.52.
The index opened up 1.02 percent at 22,524.18 in the morning, after latest statistics released on Sunday showed the mainland's exports reversed to an annual growth of 17.7 percent in December and on recovery hopes in the United States.
The index moved between 22,373.96 and 22,671.92 during yesterday's trading on total turnover of HK$74.18 billion (US$9.51 billion), compared with last Friday's HK$71.93 billion.
Market heavyweight HSBC gained 70 HK cents, or 0.76 percent, to close at HK$92.40, and China Mobile edged up 0.54 percent to close at HK$74.85.
Shipping stocks and export-related shares surged, with COSCO Pacific up 6.85 percent to HK$12.48. China Shipping Development surged 10.13 percent.
The index opened up 1.02 percent at 22,524.18 in the morning, after latest statistics released on Sunday showed the mainland's exports reversed to an annual growth of 17.7 percent in December and on recovery hopes in the United States.
The index moved between 22,373.96 and 22,671.92 during yesterday's trading on total turnover of HK$74.18 billion (US$9.51 billion), compared with last Friday's HK$71.93 billion.
Market heavyweight HSBC gained 70 HK cents, or 0.76 percent, to close at HK$92.40, and China Mobile edged up 0.54 percent to close at HK$74.85.
Shipping stocks and export-related shares surged, with COSCO Pacific up 6.85 percent to HK$12.48. China Shipping Development surged 10.13 percent.
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