Article: Roundup: Hong Kong stocks close 3.75 pct higher on Citi reports

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 ...

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