Hong Kong: Highest since June 2008 & SGX: Stocks end at 29-month high

Hong Kong: Highest since June 2008
Published: 2010/11/04

SHARES surged yesterday to levels not seen since before the 2008 financial crisis, helped by expectations of US economic stimulus and brimming confidence in China.

The benchmark Hang Seng Index rose 2.00 per cent, or 473.25 points.

The index is at its highest since June 2008, before the global financial crisis sent markets tumbling.

But Anthony Lam of Emperor Securities warned: "There is just too much hot money." - AFP



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SGX: Stocks end at 29-month high
Published: 2010/11/04


STOCKS was up 0.80 per cent at a 29-month high of 3,230.93 yesterday afternoon. The Straits Times Index closed up 0.61 per cent, or 19.69 points, at 3,224.97.

Commodity firms Noble Group and Olam International gained over 1.5 per cent as investors turned bullish on the commodity sector, driven by expectations they will benefit from traditionally strong year-end demand. - Agencies



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