• Most Popular
  • Most Shared

HK shares open 1.8 pct higher at 8 month high

Sun May 31, 2009 10:01pm EDT
 HONG KONG, June 1 (Reuters) - Hong Kong shares opened 1.8
percent higher at an eight- month high on Monday, ascending for a
third straight session with better-than-expected purchasing
managers index data from China keeping alive hope for a rapid
economic recovery.
 The benchmark Hang Seng Index .HSI was up 328.92 points at
18,499.92, its highest level since September 2008.
 The China Enterprises Index .HSCE of top mainland companies
was set to start 1.9 percent higher at 10,622.49.
 (Reporting by Parvathy Ullatil; Editing by Chris Lewis)

































More from Reuters

Photo

Business spending holds back economic growth

WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.

Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article