Hong Kong: Higher on bargain-buying
STOCKS closed 0.48 per cent higher on bargain-buying yesterday and following a positive lead from Wall Street.
The benchmark Hang Seng Index added 108.24 points to 22,806.58 on turnover of HK$48.10 billion.
The modest rise came after the index fell nearly 800 points last week amid signs of stress in China's financial system.
The index will rebound further, Wing Fung Financial head of research Mark To said, while advising investors to steer clear of bets on China's policy meeting next month. AFP