HK shares advance after Fed cut, oil issues leap

(Updates to open)

HONG KONG, Nov 1 (Reuters) - Hong Kong blue chips rose 1.4
percent in a cross-the-board rally on Thursday after the U.S.
central bank cut interest rates, with oil issues leading the way
after crude prices hit new highs.

Chinese refiner Sinopec Corp (0386.HK: Quote, Profile, Research, Stock Buzz) shot up after China
unexpectedly raised domestic gasoline and diesel prices by a
tenth, the first increase in 17 months. [ID:nPEK184871]

The benchmark Hang Seng Index .HSI opened at 31,783.47.

The China Enterprises index of H shares .HSCE, or Hong
Kong-listed shares in mainland companies, climbed 2.2 percent at
the open to 20,528.73.