Hang Seng up on upbeat US data

Source: Dukascopy Bank SA
Hong Kong shares rose on Wednesday on upbeat numbers from the U.S.. The U.S. home prices advanced the most since 2006, while durable goods orders climbed more-than-expected last month. The Hang Seng Index increased for a third consecutive day, adding 0.7%, or 153.74 points, to 22,464.82. All sectors included in the gauge posted gains, with industrials and consumer services soaring 1.3% and 0.9%. Wharf Holdings Ltd surged 7% to HKD68.95, as the conglomerate posted a 55% surge in its corporate profit for 2012. Furthermore, China Overseas Land & Investment Ltd jumped 2.6% to HKD21.95 recovering from a considerable two-month decline amid positive financial data. Hengan International Group Co Ltd was the third-biggest gainer, rallying 2.5% to HKD78.60. On the downside, BOC Hong Kong Holdings Ltd lost 3% despite announcing a record high profit for 2012 that beat analysts' forecasts. Kunlun Energy Co Ltd followed with a 1.7% decrease to trade at HKD16.56 after posting final earnings for 2012, which were worse-than-expected. Meanwhile, Belle International Holdings Ltd declined 1.6% to finish at HKD13.04.
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