(Corrects percentage change in second paragraph to 1.6 percent
and points to 23,394.39.)
Oct 18 Hong Kong shares rose the most in
one-and-a-half months on Tuesday, helped by a rebound in Chinese
stocks as Shanghai's U.S. dollar-denominated B shares stabilised
following the previous day's sell-off.
The Hang Seng index rose 1.6 percent to 23,394.39
points, while the China Enterprises Index gained 1.9
percent to 9,722.75.
China's A-share market was dragged lower on Monday by a
sudden late-afternoon slump in the B-share index amid
yuan depreciation fears, which analysts said was driven mainly
by fear rather than fundamentals.
The blue-chip CSI300 index rose 1.3 percent to
3,321.33, while the Shanghai Composite Index gained 1.4
percent to 3,083.88.
Hong Kong shares were also boosted by data showing Chinese
banks lent far more than expected in September.
Chinese banks extended 1.22 trillion yuan ($181 billion) in
new loans last month, a three-month high and well above
expectations, while money supply growth edged up, indicating the
central bank is keeping policy accommodative to support economic
Most sectors rose, with properties and construction
and industrial stocks leading the gains.
Great Wall Motor jumped nearly 7 pct to a near
10-month high, while China Overseas Land rose more
than 5 pct at one point.
(Reporting by the Shanghai Newsroom; Editing by Kim COghill)