Hong Kong shares seen up on Wall St rise

HONG KONG, Oct 7 (Reuters) - Hong Kong shares are expected
to rise for a third straight session on Wednesday, helped by
gains on Wall Street, with commodity-related and energy stocks
on the spotlight after gold and oil prices shot up.

Gold hovered near a record high in early Asian trade on
Wednesday, but could spike further due to the weak U.S. dollar.
Gold hit above $1,040 an ounce on Tuesday, its highest ever.
[ID:nSYD459169]

"The correction in Hong Kong might be over," said Francis
Lun, general manager at Fulbright Securities. "The optimism
about global economic recovery will lift the market above the
21,000 level today."

U.S. stocks and oil prices jumped overnight amid signs the
global economy was recovering. [ID:nN06442317] [ID:nSYD517468]

China's stock market is closed from Oct. 1 to 8 for the
National Day holiday.

Hong Kong's benchmark index .HSI gained 1.9 percent on
Tuesday, with commodity stocks rallying after gold and copper
prices rose.

STOCKS TO WATCH

* Chinese gold miners such as Zijin Mining (2899.HK) and
Zhaojin Mining (1818.HK) on soaring gold prices.

* Chinese oil refiner PetroChina (0857.HK) on rising oil
prices.

----------------------MARKET SNAPSHOT @ 2312 GMT------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1054.72 1.37% 14.260
USD/JPY JPY= 88.69 -0.09% -0.080
10-YR US TSY YLD US10YT=RR 3.257 -- 0.000
SPOT GOLD XAU= 1039.55 -0.12% -1.300
US CRUDE CLc1 71.27 0.55% 0.390
DOW JONES .DJI 9731.25 1.37% 131.50
------------------------------------------------------------- >
> Market jumps on optimism about economy, earnings [.N]
> Dollar hit after RBA rate hike, Aussie rallies [USD/]
> Bonds ease in supply worries, higher stocks [US/]
> Gold drops from record but more gains seen [GOL/]
> Oil rises on economic recovery hopes, demand [O/R]

(Reporting by Jun Ebias, Editing by Jonathan Hopfner)