Around the World's Markets: HONG KONG

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The Independent Online
THE HANG SENG index rose 4.4 per cent, or 528.07 points, to 12,490.30, its highest since 20 October 1997. Trading volume was the highest since November, helped by strong inflows of overseas funds and heavy demand for technology stocks.

Great Eagle rose 13 per cent, Wharf 10 per cent and Hongkong Telecom 8.5 per cent at HK$15.25. Hutchison Whampoa rose 4.2 per cent and the leading bank HSBC gained 7 to HK$277.