Hong Kong stocks end higher after another volatile day

Hong Kong - Hong Kong stocks end another day of volatile trading just in positive ground at 0.8 per cent higher Wednesday.

The blue-chip index closed 105 points up at 12,707 on a day which saw the index rise and fall like a rollercoaster.

At one point the index reached over 13,200 only to dip down below 12,400 and then climb back up again. Turnover was 59.2 billion Hong Kong dollars (7.6 billion US dollars).

This week has seen some of the most volatile trading in the last 10 years on the Hong Kong stock market with the index losing a huge 12.7 per cent Monday only to rebound 14.35 per cent Tuesday.

Analysts have warned that sentiment among investors was still fragile and warned that more volatility could follow as the economic crisis continued.

The Hang Seng Index has lost two third of its value since October last year when it reached a peak of almost 32,000 points. (dpa)

Business News: 
General: 
Regions: