STOCKS closed sharply higher, helped by optimism on China joining the World Trade Organisation, a rally in Japan and improved sentiment. The Hang Seng closed up 305.84 points, 2.24 per cent, at 13,975.54 - its highest close since 13 July.
Analysts said the rally focused on HSBC, China Telecom, Cable & Wireless HKT and Hutchison Whampoa. "They're only buying four stocks," said Celestial Asia Securities stock market analyst William Li.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments