Late Surge Sees Blue Chips at New Peak ; Hong Kong

Birmingham PostMay 05, 2007

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Summary


Hong Kong blue chips ended at a record closing high yesterday after a surprise lastminute surge drove the market 0.8 percent higher, with Henderson Land scaling 91/2-year peaks to lead a rally in property stocks.

China shares showed their best one-day percentage gain in two months, with PetroChina Co Ltd jumping as much as 16 per cent after its landmark oil find, while China Shenhua Energy Co Ltd surged on its inclusion in the MSCI Standard Index Series.

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Late Surge Sees Blue Chips at New Peak ; Hong Kong

The benchmark Hang Seng Index spent most of the day...

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