Hang Seng rises 0.83% on stock connect news

Hong Kong share market closed higher on Monday, 10 November 2014, following gains in mainland A-share, after a new launch date was announced for an anticipated cross-border trading link. The Hang Seng Index rose 0.83%, or 194.46 points, to 23744.70. Turnover increased to HK$91.98 billion from HK$73.44 billion on Friday.

The city bourses commenced trading significantly higher, opening 524 points higher and saw its gains widen to 560, on tracking gain on the Mainland A-shares as the HK and China regulators unexpectedly announced the launch date for Shanghai-HK Stock Connect at 17 November before market open. But the benchmark index pared most of its gains by market close.

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