Hong Kong Shares Shot Up By More Than 5 Per Cent
Monday, November 10, 2008 at 9:59 am
Hong Kong shares shot up by more than 5 per cent to break through the 15,000 point barrier in early trading Monday.
The blue-chip Hang Seng Index rose by 762.86 points, or 5.36 per cent, to 15,006.29 in the first 45 minutes of trading of the week.
The early gains consolidated a 3 per cent rise in share prices Friday in response to a cut in local interest rates aimed at freeing up capital.
Hong Kong shares have been among the region’s hardest hit in recent weeks with the Hang Seng Index plunging from more than 20,000 points in late September.
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