Hong Kong stocks rose, with the benchmark index posting its longest winning streak since January, as Tencent Holdings Ltd. surged after profit beat estimates. Developers retreated after yesterday��s rally.
Tencent jumped 5.8 percent. Kingsoft Corp. climbed 6.1 percent. Shougang Fushan Resources Group Ltd., plunged. China Resources Land Ltd. fell 2.7 percent,.
The Hang Seng Index rose 0.7 percent to close at 22,730.86 in Hong Kong for a sixth day of gains. The Hang Seng China Enterprises Index, also known as the H-share index, fell 0.2 percent to 9,971.24. The gauges reached the highest in three weeks yesterday amid speculation China will do more to support economic growth.
Source : Bloomberg