(Associated Press via NewsEdge) Hong Kong shares surged to a 6 1/2-year high, boosted by HSBC, China Mobile and Wall Street's advance to a new record.
The blue-chip Hang Seng Index rose 278.46 points, or 1.6%, to 17,907.67, its highest closing level since March 29, 2000.
Investors were cheered after the Dow Jones industrial average advanced 1.1% to a new record.
HSBC and China Mobile, the two biggest blue chips on the index by market capitalization, contributed the bulk of the index's gain. HSBC rose 2.4% to HK$145.20 ($18.6).
'People are awakening to the value in HSBC. It has been undervalued for so long,' Francis Lun, general manager of Fulbright Securities, said.
China Mobile soared 2.1% to an all-time closing high of HK$58.20 ($7.47).
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