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Hong Kong stocks close up for the fourth consecutive session Thursday, spurred by the better-than-expected results of US companies.
The Hang Seng Index increased 117.01 points, or 1.24 percent, to close at 9,576.15, with a turnover of 7.555 billion HK dollars (968 million US dollars).
Market analysts attributed the increase to the improved sentiment and predicted that local bourse may test 10,000 points in the near term.
Of the four sub-indices, Finance, Properties and Commerce & Industry gained 0.80 percent, 2.17 percent and 1.61 percent, but Utilities lost 0.25 percent.
Stimulated by the expectation of the stipulation of the QDII (Qualified Domestic Institutional Investor) policy, China-related shares ended higher with the Hang Seng China Enterprises Index surging 2.74 percent and Hang Seng China-Affiliated Corporation Index rising 0.94 percent.
The technology-heavy GEM index increased 1.45 points, or 1.30 percent, to close at 112.82.
(Xinhua News Agency October 18, 2002)
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