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  1. terryl
    2,950 Posts.
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    24/08/07
    13:50
    Post #: 2747806
    Hong Kong shares close sharply higher on strong corporate earnings - UPDATE
    08.22.07, 6:11 AM ET





    HONG KONG (Thomson Financial) - Hong Kong shares closed sharply higher Wednesday, extending gains for a third straight day as investors snapped up blue-chip companies like CITIC Pacific Ltd on strong first-half earnings.
    Chinese conglomerate CITIC Pacific, engaged in steel manufacturing and property development, gained 1.15 dollars or 3.2 percent to 36.85, after reporting earlier today that its first-half net profit rose 44 percent to 4.97 billion dollars.

    ARH Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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