HSI Rose 3% Easy breakthrough year Line

Shina is buoyed by the US's Better-than-expected corporate performance and economic data, peripheral markets rebounded, waiting for a large influx of hot money to the Hong Kong stock market, pushing the index easy to break through the long line of the 250-day cattle and bear lines, completely out of the early adjustment trough, to 3% of the increase in the last October since the beginning of the closing record. As of the close, HSI reported 17544.03 points, rose 521.12 points, or 3.06%, the state-owned enterprise index also weighed 10,000 points, the closing report 10072.51, Rose 280.27, or 2.86%, red-chip index reported 3667.22 points, up 99.74, or 2.8%.　　The market was active and the total daily turnover of the whole city returned to a higher level of HK $83.723 billion, which was magnified by 26% in the previous session. On the plate, a total flowering of shares, Hang Seng Index and state-owned enterprises component stocks rose, Hong Kong's local financial unit and Chinese-funded petroleum, petrochemical, non-ferrous metals and other resource stocks led the big city. The mainland yesterday approved Bank of East Asia's Bank of East Asia (China) and HSBC Holdings HSBC (China) issued renminbi bonds in Hong Kong as the first batch of Hong Kong-funded banks to issue renminbi bonds in Hong Kong. The news boosted Hong Kong's local financial stocks, boosting the Hang Seng Financial index by 3.68% per cent, the top of Hong Kong's constituent index.　　HSBC, which closed close to the top of the day, reported 68.35 Hong Kong dollars, up 6.3%, contributing 167 points to the index, while East Asia rose 5.6%. The State Council 18th announced the petrochemical, light industry adjustment and revitalization of the planning, coupled with the international oil price rose, Goldman Sachs to increase the target price of resources, the Chinese oil and petrochemical stocks surged yesterday, CNOOC and PetroChina Rose 5.4% and 5% respectively, Sinopec and Petrochemical also rose 3.75% and 9.85% respectively, Citic's resources are soaring by 18.5%. In addition, the Chinese nonferrous metals stocks also by the international commodity futures price strong boost generally higher, Jiangxi Copper, Luoyang molybdenum industry and the Chinese aluminum industry, the increase is between 7.6% to 7.9%. But Citi is not bullish on a new round of super cycles in the commodity market, suggesting investors take a high profit and withdraw from the sector.　　Chinese capital construction shares also with the rebound in market sentiment continued to be the pursuit of low buying, China's iron rose nearly 10%, the best performance of the state-owned enterprises component stocks, China's iron construction also harvested 8.3% of the gains. While the Hong Kong real Estate unit and the Chinese financial unit, which rose more in the previous session, continued to rise with the big city, but the general gains were limited.　　CCB, ICBC and BOC rose between 1.1% and 1.7%, and the growth of Cheung Kong, Sun Hung Kai Property and New World was about 1%. Shong, chief strategist at Guotai (Hong Kong), said the technical cuts in Hong Kong's technology have largely been completed, and the latest US economic data and positive rhetoric have boosted investor confidence in the U.S. economic outlook, warming the global investment climate and providing a pretext and opportunity for hot money to enter the Hong Kong stock market. In addition, the mainland's new industry revitalization programme, the State Council to deploy 7 billion yuan subsidized vehiclesThe introduction of old-exchange appliances and foreign Exchange Bureau's substantial loosening of funds has provided support for Hong Kong's higher stock prices. Hong Kong stocks yesterday succeeded in breaking the 250-day limit, which is expected to be 18,000 in the next target with sufficient funding flow.