Hong Kong shares close morning higher
Share prices closed the morning higher following Wall Street's rebound overnight and better-than-expected Hong Kong unemployment data, with further support from interest generated by HSBC ahead of its going ex-div and by TVB after rival tom.com withdrew a buy-in plan for ATV, dealers said.
Yesterday, the government announced that the May-July unemployment rate rose slightly to 7.8% from 7.7% in the three months to June, or lower than the market's expectations for 7.9-8.0%.
