Hong Kong stocks rise; financials, energy up ahead of China open

Kunlun Energy

07/10/2015 09:01

HONG KONG, Oct 7 (Reuters) - Hong Kong shares rallied on 
Wednesday, rising over 3 percent, as financials and energy 
stocks shone just a day before China markets reopen after the 
national holidays.  
    The Hang Seng index  .HSI  rose 3.1 percent, to 22,515.76 
points, the highest close since Aug 20. The Chinese Enterprise 
Index  .HSCE  rose 4.7 percent in its biggest daily gain in 
percentage term since Sep 9, to 10,394.79 points. 
    The benchmark H-share index was up 10.5 percent during the 
China holiday between Oct 1 and 7.  
    Financials took the lead, with banks seeing a surge in their 
shares.  
    Industrial and Commercial Bank of China  1398.HK  rose 5 
percent, Bank of China  3988.HK  surged 4.6 percent, while China 
Construction Bank  0939.HK  climbed 4.5 percent.  
    Energy shares also extended their gains on the back of 
higher oil prices, as CNOOC  0883.HK  rose 13.7 percent, while 
PetroChina  0857.HK  jumped 9.2 percent and Kunlun Energy Co. 
advanced 8.5 percent.    
    With China's markets resuming trade Thursday, a series of 
IPOs in the pipeline in Hong Kong, and U.S. earnings season 
around the corner, analysts expect to see activity pick up and 
increased volatility.  
 
 (Reporting by Jessica Macy Yu; Editing by Shri Navaratnam) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: MARKETS HONGKONG STOCKS/CLOSE