Hutchison was buoyed by news overnight that Vodafone AirTouch was set to raise its bid for Mannesmann, in which Hutchison holds a 10.2 per cent stake. Investors also sought out Hutchison's parent, Cheung Kong (Holdings), further boosting the blue-chip index.
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STOCKS CLOSED higher for the ninth successive day, propelled by demand for Hutchison Whampoa. The Hang Seng index closed up 2.39 per cent at 15,073.10.