Hang Seng extends modest gains

Hong Kong's Hang Seng Index ended 0.7% or 139.30 points up closing at 19,179.69 as investors reflected their optimism that European leaders will be able to provide tangible solution for debt crisis this week. Exporters Hong Kong, Li & Fung Ltd. and Lenovo Group Ltd. supported the index adding 3.3% and 2% respectively. China Southern Airlines Co. weighted down the index as its shares lost 4.5%, mainly due to rise in oil prices. China Eastern Airlines Corp. traded flat in Hong Kong despite 3.3% decline in Chinese markets.