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Hang Seng reaches fresh seven-year highs

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Capital Market
Hong Kong stock market finished volatile session at fresh seven-year high on Friday, 10 April 2015, on the back of Beijing's decision to let mainland money managers buy H-shares last week, as well as a recent move by the China Insurance Regulatory Commission to allow mainland insurance firms to invest in Hong Kong's Growth Enterprise Market for the first time. The benchmark index opened 429 points and it marked the intra-day high. It fell 132 points at one point but the A-share market recovered in afternoon session, lending support to the local market. The Hang Seng Index ended up 328 points or 1.22% to 27,272.39, off an intra-day high of 27,373.68 and day low of 26,812.75. Turnover reduced to HK$221 billion from HK$292 billion on Thursday.

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First Published: Apr 10 2015 | 4:26 PM IST

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