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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: HK stocks surge 7.5 pct on China stimulus hopes AP - 1 hour 3 minutes ago HONG KONG - Hong Kong stocks soared 7.5 percent Monday, boosted by hopes that Chinese leaders meeting in Beijing would hash out more measures to bolster China's economy. The blue chip Hang Seng index rose 1040.57 points to 14886.66 as financials, property and shipping stocks rallied. The surge came as China's top planners began gathering to possibly expand a massive stimulus package. Many believed the meeting would yield more measures to pump money into sluggish Chinese markets and channel more funds to health and social programs. "People are expecting some good news from the Chinese government meeting and that is causing a strong rebound," said Castor Pang, an analyst at Sun Hung Kai Financial in Hong Kong. Linus Yip, a strategist at First Shanghai Securities in Hong Kong, agreed that the Beijing meeting was boosting the market. "I think the sentiment is also more positive partly due to other Asian markets are in a good mood," he said. One of the biggest gainers in midday trading was Cosco Pacific, the world's fifth-largest container terminal operator, which jumped 13.3 percent to 6.46 Hong Kong dollars. China Cosco Holdings, the country's biggest shipping conglomerate, was up 11.7 percent to HK$4.98. Investors were also snapping up financials, including Ping An Insurance, which jumped 10 percent to HK$36.65. Hutchison Whampoa _ a sprawling conglomerate with retail, property, energy, infrastructure and telecom operations _ rose 6.5 percent to HK$37.15. _____ On the Net: Stock Exchange of Hong Kong: http://www.hkex.com.hk Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy HK stocks surge 7.5 pct on China stimulus hopesAP - 1 hour 3 minutes ago South Korean stocks surge on Obama spending planAP - 1 hour 7 minutes ago Peabody Energy eyes western China projectsReuters - 1 hour 18 minutes ago Australia's Santos says considering initiativesReuters - 1 hour 44 minutes ago Related Articles: Business Europe stock futures point to sharply higher openReuters - 32 minutes ago S.Korea c.bank to inject $3 billion via Fed creditReuters - 33 minutes ago RESEARCH ALERT-JPMorgan cuts earnings f'casts for UMCReuters - 38 minutes ago China stocks end up 3.6 pct in heavy tradeReuters - 39 minutes ago Spanish stocks - Factors to watch on MondayReuters - 40 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Diamond thieves pull off 100-million-dollar Paris heist Girl, 8, among 17 dead in Manila shoot-out: police Vinnie Jones gets into bar fight over role in X-Men Oil price falls below $40 Climate change: Sci-fi solutions no longer in the margins View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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