Hong Kong shares rise to four-week high

Hong Kong shares rose 3.5 percent to a four-week high yesterday on hopes that massive government stimulus spending will reinvigorate China's cooling economy, while 2008's worst performing blue chip Foxconn International boosted its value by a quarter.

Foxconn, the world's largest contract manufacturer of cell phones, vaulted 25.4 percent to a three-month high of HK$3.8 on hopes the Taiwanese handset manufacturer will benefit from the imminent rollout of 3G services on the mainland.

The Hang Seng Index ended 520.5 points higher at 15563.31.