Thu, 19 Apr 2012 12:04:19 GMT
Hang Seng index rally as PBOC signals monetary easing
Hong Kong's Hang Seng index rallied on Thursday as PBOC said it will guarantee adequate liquidity in financial system through cuts in the reserve requirement ratio, signalling the lender is preparing additional easing measures. Hang Seng index surged 1.03% or 214.28 points to 20,995.01. Energy shares climbed with Cnooc adding 1.6% and China Petroleum & Chemical soaring 1.7%. European demand