Greek Election Results Boost Hong Kong's Stocks official
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Hong Kong's benchmark share index closed at a one-month high, in reaction to Greek election results.
Risky assets back are in favor. Pro-bailout parties won Greece's elections by a slim majority, something seen as crucial to holding the Euro together, and booting confidence.
The Hang Seng Index closed at its highest level since May 15, up 1% at19,427.8 points.
Shares of companies with a sizable European presence such as HSBC Holdings Plc and Hutchison Whampoa, were among the top boosts to the Hang Seng.
At the same time, shares of bourse operator HK Exchange bucked the trend by falling over four percent. Investors are concerned that the Exchange maybe over paying with a $2.2 billion bid for the London Metal Exchange it won last week.
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Hong Kong's benchmark share index closed at a one-month high, in reaction to Greek election results.
Risky assets back are in favor. Pro-bailout parties won Greece's elections by a slim majority, something seen as crucial to holding the Euro together, and booting confidence.
The Hang Seng Index closed at its highest level since May 15, up 1% at19,427.8 points.
Shares of companies with a sizable European presence such as HSBC Holdings Plc and Hutchison Whampoa, were among the top boosts to the Hang Seng.
At the same time, shares of bourse operator HK Exchange bucked the trend by falling over four percent. Investors are concerned that the Exchange maybe over paying with a $2.2 billion bid for the London Metal Exchange it won last week.
06/21/2012