Hong Kong Stocks Rise Second Day as Reconstruction Shares Gain
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Bloomberg, (22/4) -- Hong Kong stocks
rose for a second day as infrastructure-related stocks climbed on
speculation demand will increase following an earthquake in China’s
southwestern province of Sichuan.
The Hang Seng Index gained 0.5 percent to 22,112.10 as of 3:26 p.m. in Hong Kong, after falling as much as 0.3 percent. Almost three times the number of stocks climbed as declined, with trading volume 24 percent below the 30-day intraday average. The Hang Seng China Enterprises Index of Chinese companies listed in the city increased 0.4 percent to 10,625.83. Hang Seng Index futures gained 0.5 percent to 22,117. The HSI Volatility Index fell 0.9 percent to 17.01, indicating traders expect a swing of 4.9 percent for the equity benchmark in the next 30 days. |
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