Asian shares ended higher, as Japanese investors showed renewed confidence, while strong trading debuts from several companies propelled shares in Hong Kong and Shanghai.
HK opened up then down. When I left to go to a meeting it was down over 200. I was still at a meeting when the market closed up 457 to close at 28,228 on HK$129 billion turnover. Some were disappointed with the turnover, but we must remember that last year the daily average was only HK$30 billion, and in the first 6 months of this year it was only HK$60 billion. So HK$120 billion days are nothing to sneeze at.
Market Indices
Australia All Ordinaries 6687.70 + 0.31%
Bombay Sensex* 18174.74 + 4.30%
Hong Kong Hang Seng 28228.04 + 1.65%
Japan Nikkei 17159.90 + 0.56%
Shanghai Composite 5715.89 + 0.41%
Singapore STI 3865.75 + 1.19%
South Korea Composite 2014.13 + 0.07%
Taiwan Weighted 9639.83 - 0.80%
*Intraday trading
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