CHINA/TAIWAN: Hong Kong and Taiwan stocks rise on U.S. economy data

Record ID: 238551

  • Title: CHINA/TAIWAN: Hong Kong and Taiwan stocks rise on U.S. economy data
  • Date: 8th October 2011
  • Summary: HONG KONG, CHINA (OCTOBER 7, 2011) (REUTERS) STOCK EXCHANGE BROKERS TRADING AT STOCK EXCHANGE ELECTRONIC BOARD SHOWING HANG SENG INDEX BROKERS TRADING AT STOCK EXCHANGE ELECTRONIC BOARD SHOWING STOCK PRICES BROKERS TRADING AT STOCK EXCHANGE ELECTRONIC BOARD SHOWING HSBC HOLDINGS STOCK PRICES VARIOUS OF BROKERS TRADING AT STOCK EXCHANGE TAIPEI, TAIWAN (OCTOBER 07,
  • Embargoed: 23rd October 2011 13:00
  • Keywords:
  • Location: Taiwan, Province of China, Hong Kong, China
  • City:
  • Country: Taiwan
  • Topics: Economy
  • Reuters ID: LVA2PA1XWV3FS2R8UFJW4PDIDL8A
  • Story Text: Stock markets in Hong Kong and Taiwan continue to rise for a second day on Friday (October 7) on optimism on the U.S. economy and hopes that the euro zone will be able to resolve its debt crisis.
    Hong Kong shares opened higher on Friday, boosted by strong gains in insurer AIA Group as investors close out a volatile week that saw the Hang Seng Index rebound off a 2-1/2-year low.
    The Hang Seng Index started up 2.2 percent at 17,540.7 points, while the China Enterprise Index began up 2.0 percent at 8,745.8 points.
    Taiwan stocks rose 1.11 percent, following regional bourses, but HTC traded lower as the smartphone maker's third-quarter profit growth slowed from the previous quarter.
    The main TAIEX index opened up 78.92 points at 7,210.92, extending gains from a 2.04 percent rise in previous session.
    HTC fell 1.46 percent, with electronics shares up 0.8 percent.
    The Taiwan dollar strengthened slightly to trade at T$30.564.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2011. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register