Hong Kong shares hit 19-1/2-mth high, China rebounds

Hong Kong shares climbed to a new 19-1/2-month high on Friday, while the onshore Chinese market is set for its first gain in three days after data showed China snapped seven-straight quarters of declining economic growth.

But volumes were relatively subdued, suggesting investors were looking beyond data that showed the world’s second-largest economy growing 7.9 per cent in the fourth quarter and 7.8 per cent last year from a year earlier.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1130884/hong-kong-shares-hit-19-12-mth-high-china-rebounds