Hong Kong stocks moved up 538.36 points, or 2.9 percent, to close at 19,080.51 points on Friday. The benchmark Hang Seng Index traded between 18,769.61 and 19,152.8. Turnover totaled 89.9 billion HK dollars (about 11.5 billion U.S. dollars).
The Hang Seng China Enterprises Index moved up 269.34 points, or 3.44 percent, to close at 8,104.98 points. Four sub-indices all gained ground, with the Commerce and Industry sub-index rising the most by 3.98 percent, followed by the Finance 2.33 percent, the Properties 2.2 percent, and the Utilities 1.31 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.83 percent to 52.85 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, advanced 4.64 percent to close at 22.55 HK dollars. Local bourse operator HKEX gained 2.22 percent to 166.1 HK dollars.
China Mobile, China's dominant mobile carrier, ended 3.31 percent higher at 82.65 HK dollars. China Unicom, another Chinese telecom giant, advanced 1.88 percent to 8.15 HK dollars. Sun Hung Kai, one of Hong Kong's largest property developers by market value, closed up 0.8 percent to 81.95 HK dollars. Henderson Land ended 1.99 percent higher at 38.45 HK dollars.
Mainland-based financial stocks ended higher. Bank of China went up 3.07 percent to 3.02 HK dollars. China Construction Bank rose 1.78 percent to 4.57 HK dollars. ICBC closed up 1.55 percent to 3.92 HK dollars. As for energy stocks, China's top refiner Sinopec moved up 6.39 percent to 4.16 HK dollars. PetroChina, the country's largest oil and gas producer, advanced 7.9 percent to 4.51 HK dollars.
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