The Hang Seng Index closed up 313.15 points or 3.33 percent at 9,720.83, off a high of 9,739.13 and a low of 9,565.79, on trade of 5.381 billion HK dollars (690 million US dollars).

The Hang Seng China Enterprises Index was up 32.18 points at 1,863.60, and the CAC Index rose 42.72 points to 1,041.12. The GEM Index was up 2.43 points at 113.15 on trade of 79.250 million HK dollars.

HSBC gained 1.50 to 87.25 HK dollars, BOC (Hong Kong) was 0.25 higher at 8.15, Bank of East Asia rose 0.20 to 13.75 and Standard Chartered gained 0.75 to 91.00.

Telecom stocks moved higher on a technical rebound and the market awaits further developments on China Telecom's IPO.

China Unicom rose 0.275 to 5.05, China Mobile was up 1.0 at 19.95, PCCW gained 0.08 to 1.19 while Hutchison was 2.30 higher at 50.50.

Among H-shares, Beijing Datang rose 0.025 to 2.475 and Chalco was up 0.06 at 0.94.

In the red chip sector, Legend added 0.10 to 2.85 and Stone rose 0.05 to 1.23.

On the GEM board, tom.com rose 0.11 to 1.97, SUNeVision added 0.04 to 1.03 and CK Life gained 0.06 to 1.44.

(Xinhua News Agency November 5, 2002)