Hong
Kong stocks rose, with the benchmark index gaining for a second day,
after better-than-expected U.S. industrial production boosted optimism
in the world��s largest economy. Citic Pacific Ltd. led declines after
agreeing to buy its parent��s financial assets.
The
Hang Seng Index climbed 0.4 percent to 22,793.35 as of 9:32 a.m. in
Hong Kong, with about three shares climbing for each that fell. The Hang
Seng China Enterprises Index, also known as the H-share index, added
0.6 percent to 10,099.54. Markets in the city will be shut from tomorrow
and reopen April 22.
The
Hang Seng Index is up 2.5 percent this quarter through yesterday, the
top performer for the period among developed markets from second-worst
the previous three months. The H-share gauge rebounded 9.1 percent since
entering a bear market on March 20 through yesterday amid speculation
that China will add stimulus to stabilize the economy.
Source : Bloomberg
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