Around the World's Markets: HONG KONG

THE BLUE-CHIP Hang Seng index closed up 57.93 points at 10,778.92, with support coming through for HSBC, as banks benefited from rumours of mergers and acquisitions following news of the proposed tie-up between Bankers Trust and Deutsche Bank, dealers said.

Some brokerages are again talking about HSBC's strength as a global bank, following a shift in sentiment over its exposure to Asia and Latin America. The property sector suffered some profit-taking after recent gains.