Hang Seng scales fresh multi-year high

Hong Kong stock market finished the session at fresh seven-year high in heavy turnover on Thursday, 09 April 2015, supported by Chinese investors who used up the entire 10.5 billion yuan daily investment quota for second straight session. The benchmark index opened 676 points higher and soared nearly 1,700 points in 30 minutes. But it pared most of its gains after the Shanghai market reversed its path on profit-taking. The Hang Seng Index ended up 707.53 points or 2.7% to 26,944.39, off an intra-day high of 27,922.69 and day low of 26,732.23. The benchmark index closed at a highest level since May 2008. Turnover increased to HK$291.53 billion from HK$250 billion on Wednesday.

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