HK blue chips end at record close above 30,000

Por (U

26/10/2007 | 19h34

Hong Kong blue chips jumped 1.8 percent on Friday as investors snapped up shares of the city's real estate developers amid growing expectations of a U.S. rate cut by the Federal Reserve, which meets next week. The benchmark Hang Seng Index ended at 30,405.22. The China Enterprises index of H-shares , or Hong Kong-listed shares in mainland companies, closed at 19,548.49, nearly unchanged from Thursday. The Hang Seng properties sub-index leapt 5 percent.

Hong Kong blue chips jumped 1.8 percent on Friday as investors snapped up shares of the city's real estate developers amid growing expectations of a U.S. rate cut by the Federal Reserve, which meets next week. The benchmark Hang Seng Index ended at 30,405.22. The China Enterprises index of H-shares , or Hong Kong-listed shares in mainland companies, closed at 19,548.49, nearly unchanged from Thursday. The Hang Seng properties sub-index leapt 5 percent.

Hong Kong blue chips jumped 1.8 percent on Friday as investors snapped up shares of the city's real estate developers amid growing expectations of a U.S. rate cut by the Federal Reserve, which meets next week. The benchmark Hang Seng Index ended at 30,405.22. The China Enterprises index of H-shares , or Hong Kong-listed shares in mainland companies, closed at 19,548.49, nearly unchanged from Thursday. The Hang Seng properties sub-index leapt 5 percent.

Hong Kong blue chips jumped 1.8 percent on Friday as investors snapped up shares of the city's real estate developers amid growing expectations of a U.S. rate cut by the Federal Reserve, which meets next week. The benchmark Hang Seng Index ended at 30,405.22. The China Enterprises index of H-shares , or Hong Kong-listed shares in mainland companies, closed at 19,548.49, nearly unchanged from Thursday. The Hang Seng properties sub-index leapt 5 percent.