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HK shares open 5.5 pct higher; Angang Steel soars

  • Monday, November 10, 2008
  • Source:

  • Keywords:Angang Steel
[Fellow]
 
 
HONG KONG, Nov 10 (Reuters) - Hong Kong shares will open 5.5 percent higher on Monday, helped by China's nearly $600 billion spending plan to spur the economy.
 
The benchmark Hang Seng Index .HSI was indicated to open up 789.75 points at 15,033.18.
 
The China Enterprises Index .HSCE of top locally listed mainland Chinese companies will open up 9.2 percent at 7,417.53.
 
Chinese steelmaker Angang Steel (0347.HK: Quote, Profile, Research, Stock Buzz) was set to open up 23 percent after Beijing's plan to boost spending on infrastructure and other key sectors to counter slowing exports due to the global financial crisis.
 
Cement maker Anhui Conch (0914.HK) rose 22 percent.
 
 
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