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HK stocks break above 23,000 points; Meadville soars
November 17, 2009 / 1:58 AM / in 8 years

HK stocks break above 23,000 points; Meadville soars

 HONG KONG, Nov 17 (Reuters) - Hong Kong's benchmark stock index broke above the 23,000 level on Tuesday for the first time in over a year on a Wall Street rally and a pledge by the Federal Reserve to keep interest rates low.
 Meadville Holdings Ltd (3313.HK) jumped 45.1 percent to HK$3.12 after printed circuit board maker TTM Technologies Inc (TTMI.O) agreed to buy its printed circuit board business for $521 million. [ID:nBNG417242].
 The benchmark Hang Seng Index .HSI was set to open up 0.25 percent, or 56.39 points, at 23,000.37.
 The China Enterprises Index .HSCE of top locally listed mainland Chinese stocks was set to rise 0.07 percent to 13,760.86.
 (Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)                                

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