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To: ChinuSFO who wrote (78551)6/21/2010 1:36:43 AM
From: tejek  Respond to of 149317
 
Hong Kong shares jump early on yuan-rise hopes

By V. Phani Kumar

HONG KONG (MarketWatch) -- Hong Kong shares jumped off the block on strong buying in mainland-China-related shares, after the People's Bank of China signaled over the weekend that it would end the yuan's de-facto peg to the U.S. dollar. The Hang Seng Index rose 2.1% to 20,719.32, while the Hang Seng China Enterprises Index climbed 2.8% to 11,948.02, although Shanghai-traded shares moved in a narrow range around the break-even level. Leading the advance, China Resources Land Ltd. /quotes/comstock/22h!e:1109 (HK:1109 16.30, +0.68, +4.35%) /quotes/comstock/11i!crbj.y (CRBJY 0.00, 0.00, 0.00%) soared 4% and and Air China Ltd. /quotes/comstock/22h!e:753 (HK:753 8.29, +0.28, +3.50%) /quotes/comstock/11i!airy.y (AIRYY 20.77, -0.58, -2.72%) spiked 6.1%, while Industrial & Commercial Bank of China Ltd. /quotes/comstock/22h!e:1398 (HK:1398 5.99, +0.19, +3.28%) rose 2.2%.

marketwatch.com