HK shares hit 2-wk high on Wall St rally; China gains

* Refiners soar after China's fuel price hike

* BYD falls after charger recall

* China's health-related stocks up on pandemic flu warning

(Updates to midday)

By Sui-Lee Wee and Claire Zhang

HONG KONG/SHANGHAI, Nov 10 (Reuters) - Hong Kong stocks rose
to their highest levels in more than two weeks on Tuesday, with
investors taking heart from a rally on Wall Street and a pledge
by the Group of 20 to keep aid flowing to the world economy.

The benchmark Hang Seng Index .HSI rose 187.91 points to
22,395.46 at midday, heading for its third straight session of
gains.

Brokers said the rally was likely to continue as risk
appetite strengthened after the agreement by G20 finance
ministers and central bankers to keep economic stimulus measures
in place boosted hopes for prolonged low interest rates.

"Overall, the market sentiment remains buoyant," said Ben
Kwong, chief operating officer of KGI Asia. "Investors are
confident that there'll be no more tightening by central
governments and the U.S. dollar remains weak too, which is
boosting commodity-related stocks."

"The liquidity remains abundant locally and that would limit
the downside in the short term," he said.

Kwong expects Hong Kong's stock index to breach 23,000 within
the next few days.

Turnover was at HK$39.8 billion ($5.14 billion), up from
midday Monday's HK$33.96 billion.

The China Enterprise Index .HSCE of top locally listed
mainland Chinese stocks rose 0.97 percent to 13,447.53.

Shares in Sinopec Corp, (0386.HK), Asia's top oil refiner,
rose as much as 2.6 percent to a three-week high of HK$7 after
China raised fuel prices, boosting the profit outlook for the
country's refiners.

PetroChina (0857.HK) (601857.SS) (PTR.N), China's No. 2
refiner, gained 2 percent to a two-week high of HK$10.24.

The U.S. dollar briefly fell to a 15-month low overnight,
bolstering stocks pegged to commodities such as gold. Sino Gold
Mining (1862.HK) rose 5.7 percent to HK$54.65.

Shares in BYD Electronic (0285.HK), the battery making arm of
BYD Co (1211.HK), fell 5.1 after Nokia (NOK1V.HE) said it would
replace 14 million cellphone chargers made by the Chinese
company. [ID:nHKG280586].

Auto stocks surged after China said its passenger cars sales
in October surged 76 percent from a year earlier, extending the
explosive growth in recent months as government incentive
policies continued to lure customers. [ID:nSHA159082].

Qingling Motors (1122.HK) rose 12.9 percent and Brilliance
China (1114.HK) climbed 8 percent.

SHANGHAI RISES; BANKS, HEALTH STOCKS UP

China's key stock index rose 0.30 percent, up for an eighth
session, on hopes for strong October economic data due for
release on Wednesday.

The Shanghai Composite Index .SSEC ended the morning at
3,185.001 points, after setting a new three-month intraday high
of 3,211.105.

Losing Shanghai A shares outnumbered gainers by 457 to 414,
with turnover remaining active at 85 billion yuan ($12 billion),
unchanged from Monday morning.

"Investors remain cautious after recent gains, but stock
valuations are relatively reasonable, backed by rising earnings.
The index has a chance to rise higher," said Chen Jinren, analyst
at Huatai Securities.

The 14-day Relative Strength Index rose to 65, edging close
to the 70 level, which indicates that stocks are overbought.

Bank shares were firmer, with China Minsheng Banking Corp
(600016.SS) edging up 0.25 percent to 8.13 yuan after saying on
Tuesday that its failed investment in U.S. lender UCBH Holdings
Inc UCBH.O would have a limited impact on its business.
[ID:nSHA279897]

Health-related shares rose after the World Health
Organisation said over the weekend that the H1N1 flu virus was on
the rise in China. [ID:nL664239]

Henan Taloph Pharmaceutical (600222.SS) surged its 10 percent
daily limit to 10.96 yuan while Shenzhen Neptunus Bioengineering
(000078.SZ) jumped 8.03 percent to 21.52 yuan.

(Editing by Jonathan Hopfner)