Around the World's Markets: Hong Kong

DETAILS of how the Hong Kong government would dispose of its massive blue-chip shareholdings helped the Hang Seng to record its largest point gain this year, ending up 586 points at 13,995.

News that the government would package its shareholding - acquired during its controversial HK$118bn intervention in the market last August - into unit trusts was meet with relief by investors, who had been worried that the shares could be simply dumped on the market.