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Thursday, 24 July 2008

HK shares close at 1-mth high, led by HSBC

* Hang Seng Index posts biggest single day gain since April * HSBC leads on CIC investment report, Citi earnings * Chinese financials, local developers join rally (Updates to close) By Parvathy Ullatil HONG KONG, July 21 (Reuters) - Hong Kong shares rose 3 percent on Monday, their biggest single-day gain since early April, led by financial stocks after Citigroup calmed credit market worries with a smaller-than-expected loss for the first half. Europe's largest bank, HSBC Holdings, jumped the most since end-March, rising 4.1 percent, boosted by a Sunday Telegraph report that said the lender had...

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Asia Business Investment Photos Stock

An employee at the Korea Stock Exchange Market uses her mobile phone in front of an electronic stock board at the Korea Stock Exchange Market in Seoul (dn1)

photo: AP /Lee Jin-man / dalia