Around the World's Markets: Hong Kong

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AN OVERNIGHT rise on Wall Street brought calm to anxious Asian markets yesterday, with the Hang Seng Index ending up nearly 1 per cent at 10,055, after being up over 2 per cent earlier in the day. The surge was led by property stocks, as a report announcing a rise in apartment sales was published.

Dealers said market sentiment was very cautious, with investors still unsure if Wall Street can stabilise. "Traders are waiting for a chance to bargain-hunt at lower levels" said one analyst.