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HK stocks surge 4.56% on first trading day of 2009

(Xinhua)
Updated: 2009-01-02 16:54

Hong Kong stocks surged 655.33 points, or 4.56 percent, to close at 15,042.81 on Friday, the first trading day for 2009.

The turnover rose to HK$30.53 billion from HK$26.38 billion on Dec 29, the last full-trading day in 2008.

Analysts said the market was supported by "pre-Obama enthusiasm", as investors expected US president-elect Barack Obama to announce a series of economic stimulus policies when he takes office on Jan 20.