Market Wrap: Hong Kong stocks hit seven-month high on Spain and US earnings

Hong Kong stocks rose to the highest level since March, tracking a rally across the region, as investors were cheered by Moody's decision to retain Spain's credit rating and US corporate earnings came better than expected.

Daily turnover hit the highest since September 19, reaching HK$57.37 billion while the local volatility index fell to its lowest since September 28, reflecting investors' growing favour for more risky assets.

via Business feed http://www.scmp.com/comment/blogs/article/1063277/market-wrap-hong-kong-stocks-rose-seven-month-high-stabilising-spain