{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='HONG KONG: HANG SENG INDEX RISE' data-url='/boclips/videos/5c54bc2bd8eafeecae12a9b8' data-video-url='/boclips/videos/5c54bc2bd8eafeecae12a9b8' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nHONG KONG: HANG SENG INDEX RISE\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatAfter a roller-coaster ride over the last few days, the Hong Kong stock market surged early on Friday, seizing on rises in the London market.During early morning trading, investors shrugged off an overnight slide on Wall...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eAfter a roller-coaster ride over the last few days, the Hong Kong stock market surged early on Friday, seizing on rises in the London market.\u003cbr/\u003eDuring early morning trading, investors shrugged off an overnight slide on Wall Street, allowing Hong Kong's key, blue chip indicator to surge 413-point-96 points, or 4-point-8 per cent in the first 20 minutes of trading.\u003cbr/\u003eAs the opening bell heralded in a new day's trade on the Hong Kong stock exchange, traders said a rise overnight in the London gave their a market a boost as property, financial and utilities stock all posted gains.\u003cbr/\u003eThe Hang Seng has been highly volatile all week, and on Monday the index plunged to a near three-year low.\u003cbr/\u003eIt rebounded strongly on Tuesday and Wednesday, only to plunge 7\u003cbr/\u003epercent on Thursday amid rumours that a major property developer would default on debts.\u003cbr/\u003eHowever, it recovered on Friday and the Hong Kong stock market closed its morning session at 8840-point-02 points -- up 261-point-04 or 3 per cent.\u003cbr/\u003eInvestors said they didn't expect the market to stabilize anytime\u003cbr/\u003esoon, but do not predict that many more companies will foreclose.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\" I think that the market needs to wait for the situation in Asia to settle before the valuation, and also for this moment, the market will be driven by the technical point and also by the futures market. Also the sentiment in the local market is still weak and without a special rate retail players do not want to buy aggressively.\"\u003cbr/\u003eSUPER CAPTION: Kenny Tang, Research Manager, C.A Pacific Group\u003cbr/\u003eIt is this lack of confidence that has driven up interest rates, which in turn has squeezed the already low property market.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I think the short term impact has been over and the worst has gone away but for the longer term, because developers need to sell their stock in return for cash for the investment because interest rates are staying high, they need more cash flow for their future development in order to reduce their interest cost. So I think the property prices may be decreased by 10 to 15 percent more before it hits the bottom.\"\u003cbr/\u003eSUPER CAPTION: Kenny Tang, Research Manager, C.A Pacific Group\u003cbr/\u003eHowever, amid the recent instability in the Asian markets, there is more gloom on the horizon with rumours that the airline, Cathay Pacific will shed 300 jobs in Hong Kong on Friday.\u003cbr/\u003eMore jobs are expected to go in it's global operations.\u003cbr/\u003eBut with this news in mind the Hang Seng still managed to rally a strong close 261 points up at 8840-points-02 points, erasing some of Thursday's losses.\u003cbr/\u003eHong Kong - 16 January, 1998 \u0026amp; file   \u003cbr/\u003eAPTV - Jan 16    \u003cbr/\u003e1. Wide pan of stock market as opening bell rings\u003cbr/\u003e2. Medium shot brokers at desks\u003cbr/\u003e3. Various medium shot of brokers at terminal\u003cbr/\u003e4. Medium shot of share index board\u003cbr/\u003e5. Medium shot broker on telephone\u003cbr/\u003e6. Close up phone ringing\u003cbr/\u003e7. Medium shot broker picking up phone\u003cbr/\u003e8. Wide shot stock market\u003cbr/\u003e9. Set up shot analyst\u003cbr/\u003e10. Reverse shot analyst at desk\u003cbr/\u003e11. SOUNDBITE: (English) Kenny Tang, Research Manger, C.A Pacific Group\u003cbr/\u003e12. Medium shot trams \u003cbr/\u003e13. Close up property sale boards\u003cbr/\u003e14. Medium shot property for rent\u003cbr/\u003e15. SOUNDBITE: (English) Tang\u003cbr/\u003eAPTV - File Nov 97\u003cbr/\u003e16. Cathay Pacific planes on runway\u003cbr/\u003e17. Cathay Pacific plane landing\u003cbr/\u003e18. Cathay Pacific advertisement    \u003cbr/\u003eAPTV - Jan 16\u003cbr/\u003e19. Wide shot stock market closing lunch time bell\u003cbr/\u003e20. Close up lunch time close index board \u003cbr/\u003e21. Medium shot brokers leaving exchange\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;keywords=science+problem+based+learning\u0026amp;page=2\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003ehong kong, china, asia, business, east asia\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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