Chinese Stocks in Hong Kong Head for Biggest Gain in Six Months

Chinese Stocks in Hong Kong Head for Biggest Gain in Six MonthsEquityworld Futures Medan : Chinese stocks rose in Hong Kong, sending the benchmark index toward its biggest weekly gain since April, after investors speculated the government will take more steps to boost the economy and Federal Reserve minutes indicated the central bank isn’t in a hurry to raise interest rates.

Hong Kong Hang Seng China Enterprises Index rallied 2.2 percent to 10,510.07 at 9:33 a.m., extending this week’s advance to 8.6 percent. Industrial & Commercial Bank of China Ltd. and PetroChina Co. surged at least 3 percent, poised for gains of at least 12 percent this week. The Hang Seng Index rose 1.3 percent on Friday, while the Shanghai Composite Index climbed 0.2 percent.

Source : Bloomberg