Hong Kong’s Hang Seng index hit its highest point since the global financial crisis on Friday, bolstered by a continued rally in Chinese corporates.
From November 2007 to late 2008 the market lost about two-thirds of its value. Since bottoming out in October 2008, it has slowly clawed back 154 per cent.
Buoyed by a strong performance by Chinese blue chip companies, the index has rallied 29.5 per cent so far this year to today reach the same point it was at in late 2007.
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