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Reply #34: asia: Hong Kong stocks climb 1.58% [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 08:50 AM
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34. asia: Hong Kong stocks climb 1.58%

HONG KONG: Hong Kong shares closed 1.58 percent higher on Wednesday with dealers cautiously optimistic European leaders will be able to agree a solution to the eurozone debt crisis.

The benchmark Hang Seng Index rose 298.35 points to 19,240.58 on turnover of HK$51.66 billion ($6.65 billion).

Eyes are on a two-day summit that begins on Thursday with expectations growing that a plan for fiscal integration set out by the leaders of France and Germany will be largely agreed on.

Confidence was lifted by reports that European officials were discussing plans to possibly implement two separate bailout funds to tackle the region's debt crisis.
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