Hong Kong stocks fueled by banks

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Hong Kong stocks fueled by banks
from MarketWatch.com - MarketPulse
HONG KONG (MarketWatch) -- Hong Kong stocks pushed higher Tuesday after optimism over fiscal-cliff talks spurred hefty gains on Wall Street overnight, with the banking and energy sectors especially strong. The Hang Seng Index rose 0.7% to 21,402.20 and the Hang Seng China Enterprises Index added 0.6% to 10,349.71. Leading the rally from the front, heavyweight HSBC Holdings PLC climbed 1.7% and Bank of China Ltd. rose 0.6%, while Cnooc Ltd. gained 1% and coal miner China Shenhua Energy Co. added 1.1%. Gome Electrical Appliances Holding Ltd. fell 1.2% after swinging to a quarterly loss. China's Shanghai Composite rose 0.1% to 2,019.50.