HK stocks surge 3.24% Tuesday
Updated: 2012-01-17 16:43
HONG KONG - Hong Kong stocks surged 3.24 percent Tuesday as the Chinese mainland announced economic data of 2011.
The benchmark Hang Seng Index gained 615.55 points, or 3.24 percent, at 19,627.75 during the trading session. It traded between 19,640.28 and 19,173.29. Turnover totaled HK$67.88 billion (about $8.74 billion).
The Hang Seng China Enterprises Index gained 472.83 points, or 4.51 percent, to close at 10,962.42.
All four sub-indices gained ground, with the Finance rising the most by 3.68 percent, followed by the Commerce and Industry 3.07 percent, the Properties 2.86 percent, and the Utility 1.35 percent.
Heavyweight HSBC jumped 3.27 percent to HK$61.6, and China Mobile edged up 1.27 percent to HK$76.
- Investors search for new investment channels
- HK stocks surge 3.24% Tuesday
- Chinese shares rally 4.18% on GDP data
- Amazon expands business in SW China
- China to approve more qualified foreign investors
- Internet use rises at slower pace in 2011
- China's 2011 GDP growth slows to 9.2%
- London set for a role in yuan transactions