Hong Kong market surges 3.8%

Hong Kong stock market finished the session at seven-year high in heavy turnover on Wednesday, 08 April 2015, catching up with an explosive rally in Mainland China A-share market as well as flood of cash from China surging into the city and amid speculation of delayed start to any tightening by the U.S. Federal Reserve. The Hang Seng Index ended up 961.22 points or 3.8% to 26236.86, off an intra-day high of 26247.63 and day low of 25640.04. The benchmark index touched a highest level since May 2008. Turnover increased to HK$250.03 billion from HK$124.74 billion on last Thursday. The local stock market closed on Friday through Tuesday for Easter holidays.

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