Hang Sengs advances, as China Merchant Holdings shares surge

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Source: Dukascopy Bank SA
Hong Kong shares advanced, sending the Hang Seng benchmark index to its 19-month high. Hong Kong stocks started advancing right after a report on January 18 showed that he nation's economy has revived. The Hang Seng index rallied 0.3% to 23,658.99. All but two groups in the gauge edged higher with consumer goods surging 1.10%, the most in the gauge. China Merchants Holdings gained 8.81% and mainly led gains in the index after a report showed the government of Shenzen will review the policies for land-use for the company's owned site. Furthermore, Want Want China rallied 2.94% to HK$10.52 to pace gains in the best performing consumer services sector. Esprit Holdings also supported the consumer services shares with company's shares rallying 1.98%. Alongside to that, telecommunications declined the most, as China Unicom and China Mobile erased 0.92% and 0.69%, respectively. Furthermore, gains in financial shares were capped by Bank of East Asia that lost 0.64%.
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