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HK Stocks surges after China surprise rate slash

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Capital Market
Hong Kong share market closed sharply higher in heavy trade on Monday, 24 November 2014, as appetite for riskier assets stimulated after the Chinese central bank announced a surprise rate cut Friday night. The Hang Seng Index ended higher by 456.02 points, or 1.95%, to 23893.14, off an intra-day high of 23936.34 and low of 23823.56. Turnover rose to HK$105.25 billion from HK$71.08 billion on last Friday.

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First Published: Nov 24 2014 | 3:20 PM IST

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