Hong Kong share market advanced for seventh straight session on Wednesday, 30 July 2014, closing at highest level in more than three years, on optimism over top two economies of the world. The benchmark Hang Seng Index climbed up 91.68 points, or 0.37%, to 24732.21, the highest close since 8 November 2010, when it finished at 24964.37. Turnover increased to HK$100.13 billion from yesterday's HK$88.66 billion.
The Hong Kong index is headed for a 6.7% jump this month. The market gain was supported by the inflow of funds into Hong Kong. H-shares entered a so-called bull market this week, rising at least 20% from a March low, after China cut reserve requirements for some banks and loosened property curbs to support growth.
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