HK stocks break above 23,000 points; Meadville soars

Tue Nov 17, 2009 1:56am GMT
 
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 HONG KONG, Nov 17 (Reuters) - Hong Kong's benchmark stock
index broke above the 23,000 level on Tuesday for the first time
in over a year on a Wall Street rally and a pledge by the Federal
Reserve to keep interest rates low.
 Meadville Holdings Ltd (3313.HK) jumped 45.1 percent to
HK$3.12 after printed circuit board maker TTM Technologies Inc
(TTMI.O) agreed to buy its printed circuit board business for
$521 million. [ID:nBNG417242].
 The benchmark Hang Seng Index .HSI was set to open up 0.25
percent, or 56.39 points, at 23,000.37.
 The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to rise 0.07 percent to
13,760.86.
 (Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)































 

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