Bloomberg, (27/11) -- Hong Kong stocks rose, with the benchmark index
headed for its highest close since April 2011, as energy and casino
shares led gains.China Coal Energy Co., the country’s
second-largest producer of the fuel, rose 2.4 percent after yesterday
falling the most in more than two weeks. Galaxy Entertainment Group
Ltd., the Macau casino operator controlled by billionaire Lui Che-woo,
advanced 2.4 percent. Skyworth Digital Holdings Ltd. jumped 6.9 percent
after brokerages including Nomura Holdings Inc. raised the television
maker’s target price. Chow Tai Fook Jewellery Group Ltd., the world’s
largest listed jewelry chain, climbed 2.1 percent on higher profit.The
Hang Seng Index rose 0.6 percent to 23,827.28 as of 1:15 p.m. in Hong
Kong after falling as much as 0.1 percent. About twice as many shares
gained as declined on the 50-member gauge. The Hang Seng China
Enterprises Index, also known as the H-share index, climbed 0.9 percent
to 11,399.08. The measure surged last week after China unveiled a
sweeping policy shift.“Investors are waiting for additional
catalysts from China,” said Jackson Wong, vice president of Tanrich
Securities in Hong Kong. “The reforms are positive for the longer term
but execution will be the key in the short term.”
