Hong Kong stocks surged for the fourth straight trading day yesterday, boosted by optimism that interest rates will remain stable.
Last Friday's lower than expected job growth figures from the United States buoyed the market as it dispelled fears that interest rates were likely to rise soon.
Early gains were pared in the afternoon, however, as profit-takers cashed in on the advance made over the last week.
The benchmark Hang Seng Index closed 109.46 points or 0.99 per cent higher at 11,071.43. At one stage it had been 165.97 points up.
Turnover rose to $5.32 billion from the revised $4.92 billion for Friday.
Nikko Securities senior institutional sales manager Kent Rossiter said: 'The prospects for stable interest rates is helping both short-term and long-term investors alike.