HSI Soars 180 pts; HK Developers Ascend

Hong Kong equities ascended this morning. At open, $Hang Seng Index (800000.HK)$ soared 180 pts or 1.1% to 17,282; $Hang Seng China Enterprises Index (800100.HK)$ grew 74 pts or 1.3% to 5,934; $Hang Seng TECH Index (800700.HK)$ spiked 60 pts or 1.6% to 3,813.

Local property developers $HENDERSON LAND (00012.HK)$ , $SHK PPT (00016.HK)$ , and $WHARF REIC (01997.HK)$ rallied more than 2% each. $NEW WORLD DEV (00017.HK)$ gained 2.8%. $MTR CORPORATION (00066.HK)$ announced the early termination of its operation of a commuter railway in Sweden, which is expected to incur additional expenses of $700 million. The share price of the stock, however, still thrived 1.4% to $29.85.