Hong Kong

Hong Kong market jumps 3.5 per cent in biggest rally in five months

Hong Kong market jumps 3.5 per cent in biggest rally in five months Hong Kong- Hong Kong stocks jumped by 3.5 per cent Monday, spurred on by a resurgent Wall Street to stage their biggest one-day rally in five months.

The Hang Seng Index closed up 712.23 points at 21,104.79 points, 3.5 per cent higher than Friday's close. Turnover was 55.6 billion Hong Kong dollars (7.1 billion US dollars).

The strong performance by the Hong Kong market saw blue chips jump in value as Hong Kong reacted to big gains on Wall Street Friday. On Thursday, the Hang Seng Index lost 2.6 per cent.

Hong Kong resumes business after Typhoon Nuri makes direct hit

Hong Kong resumes business after Typhoon Nuri makes direct hitHong Kong - Hong Kong was getting back to business Saturday one day after Typhoon Nuri scored a rare direct hit on the city.

Nuri, which left seven people dead in the Philippines, weakened en route and had been downgraded into a severe tropical storm by the time it reached Hong Kong late afternoon.

However, it still managed to bring Hong Kong to a standstill and caused the hoisting of one of the highest storm warning signals, No. 9, for 9 hours - the longest time on record.

Third child dies with mystery virus in Hong Kong

Hong Kong - A 7-year-old girl has become the third child to die of a mystery illness in Hong Kong, government officials said Friday.

The girl, who was admitted to hospital on August 8 with encephalitis or brain inflammation, died Friday.

Two other girls, aged 9 and 3, died last week with myocarditis, inflammation of the heart, and blood poisoning.

A fourth child, a 3-year-old boy, is also in a critical condition with sepsis and encephalopathy - blood poisoning and brain abnormalities.

Health officials are already conducting an investigation into the cause of the illnesses, however it is not yet known whether one single virus or different viruses are responsible.

Hong Kong shuts down as Typhoon Nuri edges closer

Hong Kong shuts down as Typhoon Nuri edges closer Hong Kong  - Hong Kong prepared for a battering Friday as Typhoon Nuri neared, raising fears that the city could be in line for a direct hit.

The government issued a number 8 typhoon warning signal Friday morning as the typhoon, which killed seven people in the Philippines, headed toward southern China.

Signal number 8 is issued when average wind speeds reach 63 kilometres per hour. All government offices are to close down, as well as schools, public transport and Hong Kong's stock market, bringing the city to a standstill.

Hong Kong stocks sink 2.5 per cent to lowest level in a year

Hong Kong - Hong Kong stocks sank 2.5 per cent Thursday, wiping out the previous day's gains, after a speculated rescue package for China's economy failed to materialize.

The Hang Seng Index ended the day at 20,392, down 539 points. Turnover was 55.7 billion Hong Kong dollars (7 billion US dollars).

The fall more than reversed the gains of Wednesday and took the index back down to its lowest level in more than a year.

Analysts said the market fell after a rumoured 400-billion-yuan (58.43-million-dollar) boost to aid China's economy and stock market, which had fuelled Wednesday's gains, failed to materialize and pessimism set in again.

Hong Kong stocks rebound on China hopes

Hong Kong stocks rebound on China hopesHong Kong - Hong Kong stocks rebounded by 2.1 per cent Wednesday on hopes that China may announce a package to help the mainland economy.

The Hang Seng index closed at 20,931, up 446 on the previous day when the index fell to its lowest level in a year on continued pessimism over slowing economic growth.

Analysts attributed the rise Wednesday to hopes that China was planning a 400 billion yuan (58 billion dollars) boost to its economy to aid growth.

Turnover was 62.3 billion Hong Kong dollars (7.9 billion US dollars).

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