Hong Kong stocks surge 5.54%

HONG KONG, May 4 (Xinhua) -- Hong Kong stocks surged 860.06 points, or 5.54 percent, to close at 16,381.05 on Monday.

The benchmark index opened at 15,869.28 and fluctuated between 16,387.12 and 15,855.24 during the session.

Turnover rose to 80.33 billion HK dollars (10.38 billion U.S. dollars) from Thursday's 70.91 billion HK dollars (9.16 billion U.S. dollars).