HK shares jump 3.8 pct; gain 1.5 pct on week
HONG KONG, April 30 |
HONG KONG, April 30 (Reuters) - Hong Kong shares finished 3.8 percent higher on Thursday, recovering completely from losses made earlier this week, boosted by encouraging spending data from the U.S. while Foxconn International (2038.HK) soared after a landmark cross-strait deal.
The Taiwanese handset-maker vaulted 19 percent after China Mobile (0941.HK) said it would buy a 12 percent stake in Taiwanese mobile carrier Far EasTone (4904.TW).
The benchmark Hang Seng Index .HSI closed up 564.04 points at 15,520.99 led by a 6.7 percent rally in HSBC (0005.HK).
The main index gained 1.5 percent on the week despite slumping on Monday and Tuesday amid caution over a possible widespread swine flu outbreak.
The China Enterprises Index .HSCE of top mainland companies was 3.3 percent higher at 9,084.91.
(Reporting by Parvathy Ullatil; Editing by Chris Lewis)
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