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Article: Roundup: Hong Kong stocks close 3.75 pct higher on Citi reports
- Article from:
- Xinhua News Agency
- Article date:
- February 23, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Roundup: Hong Kong stocks close 3.75 pct higher on Citi reports
HONG KONG, Feb. 23 (Xinhua) -- Hong Kong stocks extended its
early gains and surged 475.93 points, or 3.75 percent, to close near
the day's highest at 13,175.1 on Monday amid reports that the U.S.
government could take as much as 25 percent to 40 percent of Citi
group's stakes.
Turnover fell slightly to 39.58 billion HK dollars (5.09 billion
U.S. dollars) from Friday's 39.76 billion HK dollars (5.13 billion
U.S. dollars).
The benchmark Hang Seng Index recovered 78.79 points, or 0.62
percent, to open at the day's lowest 12,777.96.
The market sentiment was encouraged by reports that the U.S.
government is in talks with Citi ...