HK Stocks surges after China surprise rate slash

Hong Kong share market closed sharply higher in heavy trade on Monday, 24 November 2014, as appetite for riskier assets stimulated after the Chinese central bank announced a surprise rate cut Friday night. The Hang Seng Index ended higher by 456.02 points, or 1.95%, to 23893.14, off an intra-day high of 23936.34 and low of 23823.56. Turnover rose to HK$105.25 billion from HK$71.08 billion on last Friday.

Powered by Capital Market - Live News