Hong Kong shares close higher Monday morning
2007-12-23 21:31:37 AFP
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HONG KONG, Dec 24, 2007 (AFP) - Hong Kong share prices closed 1.80 percent higher in a half-day session Monday following Wall Street's advance on Friday, dealers said.
They said property stocks led the gains after last week's strong project sales.
The Hang Seng index was up 501.88 points at 28,128.80, off a high of 28,191.26 and a low of 27,954.28.
The market will reopen on Thursday following Christmas holidays.
Investors took their cue from Wall Street's gains on Friday on optimism the US economy would not slip into a recession following November's bigger-than-expected consumer spending.
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