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Hong Kong: Up 1.25pc but tone weak

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Hong Kong: Up 1.25pc but tone weak Empty Hong Kong: Up 1.25pc but tone weak

Post by hlk Wed 27 Jul 2011, 08:17



STOCKS rose 1.25 per cent yesterday with traders confident US lawmakers will agree on a budget deal that will avoid a default, while hopes were high for strong earnings results.

The benchmark Hang Seng Index added 278.79 points to 22,572.08.

"I think the (US debt) talks could be resolved by the August 2 deadline, but trading sentiment remains a bit weak," said Linus Yip, strategist at First Shanghai. - AFP
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