Hong Kong/Shanghai: Hong Kong and Chinese stock markets rose yesterday, with exporters gaining on optimism about a global economic recovery, and coal and gas issues strong as northern China struggled with a cold snap.
The benchmark Hang Seng Index was up 0.84 per cent or 186.17 points at 22,465.75 at midday, headed for its highest close in more than a month.
The China Enterprises Index of top locally listed mainland Chinese stocks was up 1.15 per cent at 13,293.66.
Turnover
Market turnover rose to HK$52.9 billion (Dh25 billion) from HK$46.1 billion at midday on Tuesday.
Hong Kong Exchanges & Clearing (HKEx), the most actively traded counter, was up 3.92 per cent on expectations trading volume on the bourse would rise, with a string of IPOs planned for this year.
"HKEx depends on the levy on transactions, so if this trend continues its income will be higher as well," said Steven Lam, vice-president at Karl-Thomson Securities.
Exporters rose for a second day after new factory orders in the US grew, adding to signs that recovery remained on track. Foxconn International Holdings gained 5.31 per cent.
Aluminum Corp of China (Chalco) gained 4.11 per cent as investors remained upbeat after China's top aluminium company raised spot alumina prices.
Evergrande Real Estate Group rose 1.48 per cent.
