Hong Kong stocks close 3.52% higher

Special Report:Global Financial Crisis

HONG KONG, Nov. 10 (Chinese media) -- Hong Kong stocks jumped 501.20 points, or

3.52 percent, to close at 14,744.63 on Monday, on mainland's massive economic

stimulus package and Wall Street's rebound on Friday.

Turnover rose to 60.71 billion HK dollars (7.84 billion U.S. dollars) from

Friday's 48.8 billion HK dollars (6.3 billion U.S. dollars).

China's 4 trillion yuan stimulus to

boost economy, domestic demand

BEIJING, Nov. 9 (Chinese media) -- China said on Sunday it will

loosen credit conditions, cut taxes and embark on a massive infrastructure

spending program in a wide-ranging effort to offset adverse global economic

conditions by boosting domestic demand.

This is a shift long advocated by analysts of the Chinese

economy and by some within the government. It comes amid indications that

economic growth, exports and various industries are slowing. Full story