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The Hong Kong market lacked direction and turnover slumped as investors awaited results of a weekend European summit on the region's debt crisis.

Hong Kong blue chips opened 85 points higher, and upward momentum carried the market to solid gains, although turnover was weak.

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Hong Kong opened lower, and losses accelerated in the afternoon due to weakness in Mainland and European markets. Very slow turnover reflected investor caution.

Hong Kong's Hang Seng Index dropped below its 50-day moving average as the worsening European debt crisis hit global markets hard. Turnover sank, reflecting investors' caution.

Hong Kong followed U.S. markets lower in very thin turnover, slipping below its 10-day moving average. Hong Kong's Hang Seng Index sank 1.8 percent, and the index of Chinese companies fell 2.7 percent.

A strong rise in Asian markets helped Hong Kong and China stocks extend this week's powerful rally on robust turnover. But massive gain could provide mixed signals ahead.

A report that the IMF would lend 600 billion Euros to debt-plagued Italy helped push the Hong Kong market sharply higher, although turnover remained weak.

Hong Kong stocks posted a slight rise in weak turnover after U.S. market erased early losses. Chinese oil producers gained on the back of rising oil prices.

Encouraging economic news from the U.S. helped Hong Kong open 230 points higher. The market maintained most of the gain in weak turnover.

Chinese and Hong Kong blue chips crept higher, following the lead of gains in U.S. markets. Turnover continues to be thin.

Following a steep decline in the U.S., Hong Kong blue chips opened lower and at one time were down 200 points. Turnover was thin, reflecting weak momentum.

Strong performances by U.S. markets helped Hong Kong and China stocks extend their rally. However, gains and turnover declined after Monday's big rise.

The Hong Kong market surged in strong turnover after European leaders announced a comprehensive solution to the region's debt crisis. Chinese property developers jumped higher.

Hong Kong opened 65 points lower after local U.S.-listed stocks dropped Friday but ended up 104 in light turnover, aided by debt-strapped Greece's agreement to an austerity plan.

The turnover of the Indian plastics industry is likely to grow to Rs.1,000 billion (Rs.100,000 crore) in 2012 from the current Rs.85,000 crore, according to Plastindia Foundation.

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Chinese blue chips found early support at 19,000, news that China's "big four" banks had increased new loans the last two weeks triggered a strong rebound in higher turnover.

Hong Kong finished lower due to a pull-back from Wednesday's big gains and worry over the simmering Greek debt crisis. Funds flowed to laggards in the market.