HK Hot Stocks: HSBC jumps, Zijin Mining slumps

HONG KONG, Feb 26 (Reuters) - Here are some stocks on the move in Hong Kong on Tuesday:

As of 0227 GMT, the blue-chip Hang Seng Index .HSI was up 1.8 percent, tracking Wall Street gains.

The index opened up 1.3 percent at 23,564.77.

STOCKS ON THE MOVE:

* HSBC Holdings plc (0005.HK: Quote, Profile, Research, Stock Buzz) jumped 2 percent to HK$118.9 after Standard & Poor's removed its threat to downgrade the ratings of bond insurers, easing concerns about subprime related losses at the biggest banks.

* Gold miner Zijin Mining (2899.HK: Quote, Profile, Research, Stock Buzz) slid 4.7 percent to HK$9.72, tracking declining gold prices and following its recent run.

* China Unicom (0762.HK: Quote, Profile, Research, Stock Buzz) climbed 3.1 percent to HK$17.94 after its Shanghai-listed affiliate, China United Telecommunications Co (Unicom) (600050.SS: Quote, Profile, Research, Stock Buzz), said on Tuesday it had no plans to raise funds from the stock market after talk of a planned share sale sent its shares sharply lower [ID:nSHA26293].

* Ping An Insurance (2318.HK: Quote, Profile, Research, Stock Buzz) jumped 2.7 percent to HK$57.05. China's second-largest life insurer said it will prudently consider the size and timing of a planned multi-billion dollar share sale after the country's securities watchdog warned companies against big share sales, the Shanghai Securities News reported on Tuesday [ID:nSHA29793]. (Reporting by Rita Chang; editing by Ken Wills)