HONG KONG, (AFP) - The price of shares of Hong Kong and Shanghai rose on Monday after China's central bank chief hinted steps further monetary easing to boost the mainland economy.
Hong Kong's benchmark index, the Hang Seng closed up 1.51 percent or 368.92 points, to 24855.12 with a transaction value of 140.80 billion Hong Kong dollars (18.17 billion US dollars).
In mainland China, the Shanghai Composite Index rose 2.59 percent, or 95.47 points, to 3786.57 - the highest close since March 2008 - with a transaction value of 692.1 billion yuan (112.7 billion US dollars).
Shenzhen Composite Index, which tracks stocks in both Chinese exchanges, up 0.64 percent or 12.47 points, to 1948.06 with a transaction value of 507.0 billion yuan, demikain AFP reported.
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