Stocks in HK and Shanghai Rebound

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Market Update :

Stocks in HK and Shanghai Rebound

Author: 123jump.com Staff
123jump.com
Last Update: 11:52 AM EDT April 22 2008

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Hong Kong stock indexes advanced after a surge in afternoon trading on rising speculation that Beijing will take additional steps to protect oil companies from rising crude oil prices. In Shanghai trading CSI 300 Index rose 0.9% to 3,296.28 and in Hong Kong trading Hang Seng added the same to 24,939. PetroChina advanced 6.5% and Sinopec increased 5.1%.

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