THE return of American investors put political concerns in the shade to send the Hang Seng Index sprinting up 315.34 points - the fifth largest one-day gain in the stock exchange's history.
The index ballooned 3.39 per cent to 9,609.69 points, on turnover of $8.14 billion.
December futures leapt 400 points to close at 9,785, a 175.31-point premium to the cash market.
Morgan Stanley was among the most active buyers in both the cash and futures markets yesterday, not very long after it reduced its Hong Kong weighting.
Brokers said the big index leap coupled with high turnover, and the futures trading at a big premium, together indicated that bullishness would continue today.
Yesterday, the index was on an uninterrupted rise virtually all day from the opening at 9,294 points. The December futures traded at a premium throughout the day.
