Hong Kong shares end at 4-month high after ECB stimulus
Saturday, 24 January 2015
HONG KONG, Jan 23 (Reuters): Hong Kong shares extended a global rally on Friday to reach their highest level in more than four months after the European Central Bank launched a landmark bond-purchasing stimulus programme to support the euro zone economy.
The ECB said it would purchase 60 billion euros worth of sovereign debt per month from this March until the end of September 2016.
The Hang Seng index ended up 1.3 per cent, to 24,850.45, its highest close since Sept. 8. The China Enterprises Index gained 1.8 per cent, to 12,260.06 points.