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

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 this year and over the three days that the Hong Kong market was closed for Easter had left the latter to play catch-up.