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HK stocks gain from China's export figure
Source: Bloomberg News |
November 13, 2012, Tuesday
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Print Edition
Print Edition
HONG Kong stocks rose, with the benchmark index rebounding from its lowest close in almost four weeks, after China's exports grew more than expected, adding to signs the world's No. 2 economy is bottoming out.
Shipping company Cosco Pacific Ltd, which operates port-container facilities in Greece, added 0.6 percent. Cheung Kong (Holdings) Ltd paced gains among Hong Kong developers after city home prices rose. BYD Co, the Chinese carmaker partially owned by billionaire Warren Buffett, gained 5.5 percent, after Chinese passenger-vehicle sales increased in October.
The Hang Seng Index gained 0.2 percent to close at 21,430.30 after closing on Friday at the lowest level since October 16.
Shipping company Cosco Pacific Ltd, which operates port-container facilities in Greece, added 0.6 percent. Cheung Kong (Holdings) Ltd paced gains among Hong Kong developers after city home prices rose. BYD Co, the Chinese carmaker partially owned by billionaire Warren Buffett, gained 5.5 percent, after Chinese passenger-vehicle sales increased in October.
The Hang Seng Index gained 0.2 percent to close at 21,430.30 after closing on Friday at the lowest level since October 16.
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