Hong Kong Stocks rises across the board, led by HSBC & China Mobile

Hong Kong stocks ended higher to offset yesterday's losses as Wall Street peers managed to hold up overnight despite uncertainties on the U.S. retaliatory strikes against terrorist Osama bin Laden. Stocks rose across the board, led by heavyweights HSBC Holdings (0005) and China Mobile (Hong Kong) Ltd. (0941). Telecoms and red chips were the biggest rising sectors. Utilities edged up as a group. At the close, the benchmark Hang Seng Index was up 391.1 points, or 3.92 percent, at 10,358.93, having moved between 10,053.88 and 10,361.97. Turnover was HK$7.46 billion, versus yesterday's HK$6.78 billion. The HSI is now only 0.56 percent away from its level before the U.S. came under terrorist attacks on Sept. 11.

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