Hong Kong stocks rise for fifth day in longest rally of year
Hong Kong stocks rose 1.59 per cent Monday in their fifth straight day of gains, the longest rally for almost a year, reported dpa.
The blue-chip Hang Seng Index climbed by 220.6 points to end the day at 14,108.84 points. Turnover was 43.9 billion Hong Kong dollars (5.66 billion US dollars).
The market was lifted by buoyant property stocks, lifted by reports that a major city property company had sold 300 units in a new development despite a perceived decline in the homes market.
Monday's gains marked the fifth consecutive day that the index has risen, the longest run since December last year when share prices went up for seven consecutive days.