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SHARES rose yesterday after Spain unveiled an austerity budget that paves the way for Madrid to apply for a rescue package, easing eurozone debt fears.

The benchmark Hang Seng Index climbed 78.09 points, or 0.38 per cent, to 20,840.38 .

Traders are also hopeful China will take the National Day holiday week on the mainland to introduce fresh stimulus measures to spur the economy, dealers said.

“In the past China has usually rolled out major policies over the long weekend,” Tanrich Securities investment manager Jackson Wong told Dow Jones Newswires. . AFP

Business Times : marketwatch

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