Around the World's Markets: Hong Kong

Click to follow
The Independent Online
DATA RELEASED after the close showed Hong Kong's recession to be deepening. The economy shrank 5.2 per cent in the second quarter, according to revised figures, after a 2.8 per cent first-quarter fall. The Hang Seng index closed 43.70 points up at 9,642.75.

HSBC Securities sales manager, Jerry Pang, said trading was largely liquidity- driven and the outlook for the market was improved. However, dealers said the index will struggle to climb above 9,800 points.

State buying spree, page 19

Comments