Tuesday seemed lucky for China. Its shares were seen escalating high. It has been informed that today the shares of Hong Kong were higher than it was ever in May 2009.

The stock which did remarkably well today is Ping, an Insurance (Group) Co of China Ltd which jumped 10.1%. Today, the index closed at 18,130.6 points after witnessing an all over surge of 6.4%. Although the markets have brought good news for China, investors are still looking reluctant in investing. It is believed that the global financial crisis is leading the investors eerie.

Market analysts are of the view that the surge in Chinese market will remain for next few weeks. However, it has come to light that the technical sectors are not doing well on the index as they have lost about 13% amidst the global crisis.

Besides Ping, Jiangxi Copper Co Ltd also saw flattering surge of 17.3% and Aluminum Corp of China Ltd (Chalco) gained 6.7%. The demand for the Goldman Sachs was highest in the market as it was sold for 29% more than its actual value. It is hoped that the upward trend remains in the country so that the whole economy could be freed from the grip of inflation.