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HK stocks soar to new 7-year high on China money

Friday, April 10, 2015 - 05:50
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China investors snapped up their entire 10.5b yuan daily investment quota for buying HK stocks under the Shanghai-Hong Kong Stock Connect scheme.

Singapore

THE Hong Kong stock market on Thursday surged a massive 1,685 points or 6.4 per cent to 27,922 points - this after it had already shot up almost 4 per cent on Wednesday.

Underpinning these gains was the common "catch-up argument" - that the sharp rally in China stocks