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HK stocks rise after China cuts share trading tax

Wed Apr 23, 2008 10:07pm EDT

Stocks

    
 HONG KONG, April 24 (Reuters) - Hong Kong stocks rose nearly
2 percent on Thursday, tracking gains in mainland markets after
Beijing cut a share trading tax in a move to bolster China's
six-month bear market.
 The benchmark Hang Seng Index opened up 1.93 percent at
25,776.29 on Thursday, led by 10.5 percent surge in Ping An
(2318.HK) and a 5.9 percent rise in China Life (2628.HK).
 The China Enterprises Index of Hong Kong-listed mainland
companies, or H shares, jumped 3.7 percent to 14,350.27 at the
opening.
 (Reporting by Donny Kwok; Editing by Anne Marie Roantree)



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