HONG KONG, Sept 19 Hong Kong shares ended a
holiday-shortened week at their highest since early February on
Thursday, led by gold-related and interest rate-sensitive
counters after the U.S. Federal Reserve unexpectedly did not
trim its asset-buying programme.
Gains came in robust turnover, but Hong Kong underperformed
most markets in India and Southeast Asia after the Fed delayed
the start of stimulus reduction, pending more evidence of solid
economic growth. Fed Chairman Ben Bernanke also refused to
commit to any reduction this year.
The Hang Seng Index finished up 1.7 percent at
23,502.5 points, its highest closing level since Feb. 4. The
index was up 2.6 percent on the week and just about 440 points
below the 2013 high.
The China Enterprises Index of the leading Chinese
listings in Hong Kong was also up 1.7 percent, but came off the
day's highs. It rose 2.2 percent this week.
Hong Kong will be shut on Friday for the Mid-Autumn
Festival. Mainland China is closed on Thursday and Friday for
the same holiday. Both markets resume trading on Monday.