Shanghai-Hong Kong stock connect sees record turnover

April 8, 2015 10:58 AM

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Shanghai-Hong Kong stock connect sees record turnover

SHANGHAI/HONG KONG (Reuters) - Chinese investors, for the first time, used the entire 10.5 billion yuan ($1.7 billion) daily quota .SQUOTA.HS in a cross-border program buying Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a record.

The buying boosted the Hang Seng Index .HSI 3.8 percent to its highest level in nearly seven years. The Hang Seng China Enterprises Index .HCSE of Hong Kong-listed mainland companies was up 5.8 percent for the day, hitting a four-year high.

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