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Hong Kong share prices close higher |
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News |
June 10, 2000
HONG KONG, JUNE 9 (AP) - Prices on the Hong Kong Stock Exchange closed higher Friday on late bargain-hunting.
The blue-chip Hang Seng Index rose 243.33 points, or 1.5 percent, closing at 16,120.26. On Thursday, the index had slipped 23.13 points, or 0.2 percent.
Turnover amounted to 9.08 billion Hong Kong dollars (U.S. dlrs 1.16 billion), down from Thursday's 9.27 billion Hong Kong dollars (U.S. dlrs 1.2 billion).
Share prices fell in the morning in reaction to sharp overnight declines on Wall Street, where the Dow Jones industrial average fell 144.14 points, or 1.3 percent, to 10,668.72.
The Hang Seng Index rebounded in the afternoon on selective buying of blue chips, brokers said.
Trading was light as many investors stayed on the sidelines ahead of the release later Friday of the U.S. producer price index, which could determine the outlook for interest rates.
Among gainers, Hutchison Whampoa rose 3.50 Hong Kong dollars to 99.00, Cheung Kong rose 2.75 dollars to 80.75, China Telecom rose 1.25 dollars to 66.25, and Hang Seng Bank rose 75 cents to 73.00.
Remaining unchanged was HSBC Holdings at 91.25.
On the Net The Stock Exchange of Hong Kong: http://www.sehk.com.hk
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