Hang Seng rebounds on China banks, energy stocks
Posted on 06.29.2009
HONG KONG (MarketWatch) -- Hong Kong stocks gained Tuesday, with Chinese banking stocks leading the advance following overnight gains on Wall Street. Refiners and related energy firms such as China Petroluem & Chemical Corp. ( Sinopec) and Cnooc Ltd. rose following a surprise hike in retail Chinese gasoline prices. The Hang Seng Index added 1.7% to 18,842.45, while the Hang Seng China Enterprises Index climbed 2.1% to 11,218.38.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.