Hong Kong shares up on growing Chinese exports

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Source: Dukascopy Bank SA
Hong Kong blue chips advanced as data on Chinese exports topped the estimates and inflation choked. Gaming stocks climbed as report showed Macau hotels are fully booked for the Lunar New Year Holiday. The Hang Seng index rose 0.2% to 23,215.16 after earlier sliding as much as 0.3%. Five out of nine groups in the index advanced at least 0.1% with consumer goods posting the biggest gains in the gauge as the group was 1.2% up. Among best performers was Cosco Pacific Ltd that rose 3.03% to HK$12.92 to pace gains in financial shares that were 0.3% up, followed by China Resources Power Holdings that surged 2.70% to HK$22.85 and lifted utilities group that rallied 0.5%. Furthermore, the Chinese snack maker Want Want China added 2.38% on speculation holiday spending on food will increase. Alongside to that, among worst performers were China Unicom Hong Kong Ltd that paced losses in telecommunications, Tingyi Cayman Islands Holding Corporation that halted further gains in consumer goods shares and Wharf Holdings that capped further advancements in financial shares as their shares lost 3.94%, 2.22% and 1.48%, respectively. 
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