Hong Kong's stockmarket rallied earlier this week on the strength of a World Health Organisation (WHO) announcement with regard to the SARS virus, according to reports.
The South China Morning Post revealed yesterday that the jurisdiction's stocks surged on Tuesday when the WHO signalled that the outbreak may have peaked in the majority of Asian countries, with the exception of China.
Overall market turnover was reportedly in the region of HK$10.58 billion, which marks the heaviest day of trading since July 2002.
'Market sentiment has improved, people are expecting a recovery in the economy,' Dao Heng Securities' head of research, Eric Yuen told the SCMP.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment