US fiscal cliff deal sets off bull charge in Hong Kong, US stock markets

Hong Kong stocks kicked off the new year with a 19-month high in heavy trading and could open even higher today if they track the overnight US market that rallied after the Congress approved a deal to avoid a "fiscal cliff".

The Hang Seng Index rose 2.89 per cent on its first trading day of the year to finish at 23,311.98 points, breaching the 23,000 level for the first time since June 2011. Turnover was HK$82.44 billion, 32 per cent more than the 30-day average.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1118540/us-fiscal-cliff-deal-sets-bull-charge-hong-kong-us