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<H Shrs>HSI Closes Up 233 Pts as LI NING Leaps 4%+; YOFC Soars 21%
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Hong Kong stocks rose on the back of China's equity market. The HSI gained 233 points or 0.9% to close at 25,468. The HSCEI climbed 85 points or 1% to finish at 8,843. The HSTECH lifted 55 points or 1% to settle at 5,457. Total market turnover for the day fell to $183.141 billion. Wire and cable stock YOFC (06869.HK) rebounded 21.2%, with a turnover of over $3 billion. It is reported that Apple (AAPL.US) plans to significantly expand iPhone production lines, boosting LENS (06613.HK) and COWELL (01415.HK) by 4.2% and 2.6%. Sportswear stock LI NING (02331.HK) leaped 4.3% as Daiwa noted the launch of Olympic product series and a new store image, anticipating a rapid rise in brand awareness. Airline CHINA SOUTH AIR (01055.HK) advanced 5.9%, while CHINA EAST AIR (00670.HK) and AIR CHINA (00753.HK) ballooned 4% and 3.8%. Luggage maker SAMSONITE (01910.HK) mushroomed 3.7%, while travel platform TONGCHENGTRAVEL (00780.HK) elevated 3.4%. Retailer POP MART (09992.HK) also jumped up 3.4%. AAStocks Financial News Website: www.aastocks.com |
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