Hong Kong stocks rose,
after the city benchmark index capped two straight weekly gains, as
energy and technology companies led the advance.
The Hang Seng Index
added 0.2 percent to 23,019.37 as of 9:31 a.m. in Hong Kong, heading for
its highest close since April 14. The Hang Seng China Enterprises Index
increased 0.4 percent to 10,160.25. The gauge of mainland companies
traded in the city climbed 1.7 percent last week, extending its rebound
from a May 7 low to 4.8 percent, as investors weighed prospects for
China��s policy makers to support growth with more stimulus.
The Standard &
Poors 500 Index climbed to a record at the end of last week, closing
above 1,900 for the first time, as a report showed purchases of new
homes climbed in April. The U.S. and U.K. equity markets are closed for
holidays today.
Copy Source: Bloomberg
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