The HK market set another new high today rising 1,181 points (3.89%) to close at 31,586 on turnover of HK$178 billion. Shanghai rose 165 (2.83%) to close at 6,034. Shares throughout the region rose on the back of a 134 points rise in the DJIA last Friday and Nikkei's increase of 192 today.
In HK the property stocks led the advance on expectations that the Fed will continue to cut interest rates further with some expecting a 50 basis point cut.
Market Indices
Australia All Ordinaries 6808.20 + 1.37%
Bombay Sensex* 19977.67 + 3.82%
Hong Kong Hang Seng 31586.90 + 3.89%
Japan Nikkei 16698.08 + 1.17%
Shanghai Composite 5747.99 + 2.83%
Singapore STI 3819.78 + 1.28%
South Korea Composite 2062.92 + 1.72%
Taiwan Weighted 9809.88 + 1.85%
*Late trading
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