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Hong Kong shares rise to four-week high

China Daily | Updated: 2009-01-06 07:49

Hong Kong shares rise to four-week high

Hong Kong shares rose 3.5 percent to a four-week high yesterday on hopes that massive government stimulus spending will reinvigorate China's cooling economy, while 2008's worst performing blue chip Foxconn International boosted its value by a quarter.

Foxconn, the world's largest contract manufacturer of cell phones, vaulted 25.4 percent to a three-month high of HK$3.8 on hopes the Taiwanese handset manufacturer will benefit from the imminent rollout of 3G services on the mainland.

The Hang Seng Index ended 520.5 points higher at 15563.31.

Hong Kong shares rise to four-week high

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