Probe 'unlikely' to affect Citic shares in Hong Kong

HONG KONG: Analysts say a securities probe into Citic Pacific Ltd's share performance is not likely to affect the company's shares in Hong Kong.

Securities experts say Citic Pacific's parent company reacted swiftly and strongly to support the stock soon after allegations of misconduct surfaced.

Shares in the Hong Kong division of the mainland's biggest state-owned investment company opened 4 percent higher yesterday. The company's shares ended the day at HK$10.94, a 7.25 percent increase over the session.