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Hang Seng rises to fresh 7-year high

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Capital Market
Hong Kong stock market advanced for eight consecutive sessions on Monday, 13 April 2015, amid firming expectation of fresh money inflows into the Hong Kong market after the China Insurance Regulatory Commission allowed mainland insurance firms to invest in Hong Kong's Growth Enterprise Market. Meanwhile, buying was accelerated after reports of likely removal of quotas for the "Shanghai-HK Connect" program. The Hang Seng Index ended up 743.95 points or 2.73% to 28016.34, off an intra-day high of 28031.96 and day low of 27304.12. The benchmark index has risen for eight consecutive days, raking in combined 3,530 points. Turnover rose to HK$263.6 billion from HK$221 billion on Friday.

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First Published: Apr 13 2015 | 3:42 PM IST

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