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Hong Kong: Stocks end up 0.91%, Shanghai surges

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[HONG KONG] Hong Kong shares climbed 0.91 per cent on Wednesday, tracking another rally in Shanghai on hopes of further measures to stimulate the Chinese economy.

The benchmark Hang Seng Index added 218.59 points to 24,120.08 on turnover of HK$96.25 billion (US$12.42 billion).

In mainland China the benchmark Shanghai Composite Index jumped 2.13 per cent, or 74.45 points, to 3,577.30 - its highest since mid-May 2008 - on turnover of 617.4 billion yuan (US$100.3 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 2.05 per cent, or 36.60 points, to 1,818.38 on turnover of 486.5 billion yuan.

AFP

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