Around the World's Markets: Hong Kong

PRICES IN Hong Kong reversed the previous day's losses, supported by hopes of further cuts in local interest rates. The Hang Seng index ended 81.89 points better at 9,891.06.

HSBC gained HKpounds 0.50 to HK$188.50 on a Korean press claim that Seoul Bank will be sold to HSBC and US banks. Cathay Pacific and China Telecom gained on thin turnover, but property remained weak, depressed by recent disappointing apartment sales.