Around the World's Markets: Hong Kong

Tuesday 03 November 1998 19:02 EST

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The Hang Seng index surged to a six-month high on plans by Chinese government-controlled investment companies to buy assets from their parent firms to boost earnings.

The index gained 188.44 points to 10,358.52, led by the "red chips", as China Everbright said it would buy its parent's Hong Kong investment banking business and China Merchants Holdings International sold shares to buy toll roads and power plants in China.

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