Friday, December 12, 2008

Hong Kong stocks soar more than 1,100 points

Special Report:Global Financial

Crisis
 

HONG KONG, Dec. 8 (Chinese media) -- Hong Kong stocks breached the key15,000 level and surged 1,198.78 points, or 8.66 percent, to close at 15,044.87 on Monday as the market expected more stimulus measures from China during the country's annual economic work conference opening Monday in Beijing.



Turnover jumped to 63.88 billion HK dollars (8.25 billion U.S. dollars) from Friday's 37.34 billion HK dollars (4.82 billion U.S. dollars).

Share prices surged across the board as aggressive investors rushed to buy into shares of blue-chip companies, especially those companies registered in the Chinese mainland.



China kicks off key economic

conference



 
BEIJING,

Dec. 8 (Chinese media) -- China's decision makers gathered here on Monday to determine

economic work for 2009 amid efforts to offset adverse impacts of global

financial crisis and maintain stable and sound economic growth. Full story


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