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To: The Reaper who wrote (40502)	9/12/1999 11:28:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

HK Soars On WTO, Maybe Q Will Too!> HK stocks soar in early trade on WTO optimism HONG KONG, Sept 13 (Reuters) - Hong Kong stocks soared in early trade on Monday on optimism about China's bid to join the World Trade Organisation (WTO) and the improvement in relations between China and the United States. The Hang Seng Index (^HSI - news) gained 170 points or 1.23 percent to 14,026 after hitting a high of 14,075.06. Turnover was HK$2.80 billion after the first 40 minutes of trade. ''Sino-U.S. WTO talks have resumed and now the Sino-U.S. relationship is back on track, which gave market sentiment a boost,'' said Kinson Au, research manager at Asia Financial Securities. Sino-U.S. negotiations resumed on Sunday on China's bid to join the WTO. The talks had been suspended after NATO bombed the Chinese Embassy in Belgrade in May. ''There is a good chance that China can enter the WTO this year,'' said Percy Au-Young, sales director at DBS Securities. U.S. President Bill Clinton said after a meeting with Chinese President Jiang Zemin that he was committed to bringing China into the WTO. Hong Kong blue chips were mostly higher while buying was focused on technology-related stocks and China plays. (Note: this article is ''in progress''; there will likely be an update soon.)