Hong Kong - Hong Kong shares surged by more than 10 per cent Monday as bank bail-out packages in Britain and Europe brought buyers rushing back into global markets.

The Hang Seng Index shot up by 1,515.29 points, or 10.24 per cent, to close the day at 16,312.16 points. Turnover as 72.58 billion Hong Kong dollars (9.35 billion US dollars).

The rebound came after Hong Kong shares plunged by more than 7 per cent Friday, dipping below the 15,000-point mark for the first time in three years.

Stocks in Hong Kong have fallen more steeply than most other markets during the recent turmoil, shedding one-fifth of their value in the past three weeks and almost 50 per cent since October 2007. (dpa)