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Hong Kong, Shanghai: Shares up on PBoC comments

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[HONG KONG] Shares in Hong Kong and Shanghai surged Monday after the head of China's central bank hinted at further monetary easing measures to boost the mainland economy.

Hong Kong's benchmark Hang Seng Index rose 1.51 per cent, or 368.92 points, to 24,855.12 on turnover of HK$140.80 billion.

In mainland China the benchmark Shanghai Composite Index jumped 2.59 per cent, or 95.47 points, to 3,786.57 - its highest close since March 2008 - on turnover of 692.1 billion yuan.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.64 per cent, or 12.47 points, to 1,948.06 on turnover of 507.0 billion yuan.

AFP

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