Around the World's Markets: Hong Kong

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The Independent Online
THE HANG SENG index rose 0.5 per cent to 9997.99, led by Sun Hung Kai Properties, the largest developer by capitalisation.

"Money is still flowing in, so people are chasing the stocks up,'' said John Lai, chief investment officer at Nikko Global Asset Management. "But that can't last. No fundamental news is coming out.'' SHKP rose 4 per cent while Hutchison Whampoa, which accounts for a tenth of the weighting in the Hang Seng, rose 1.9 per cent.