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Hang Seng Index

24,000

PUBLISHED : Thursday, 06 September, 2007, 12:00am
UPDATED : Thursday, 06 September, 2007, 12:00am

The Hong Kong stock market closed above the 24,000-point level for the first time yesterday as investors speculated on an upsurge in mainland funds. A weaker yen against the US dollar also buoyed buying sentiment.


The Hang Seng Index rallied to a record high of 24,283.15 in the first 10 minutes but retreated to as low as 23,839 before closing at 24,069.17 for a gain of 183.1 points or 0.77 per cent.


The property and telecommunications sectors led the market rally.