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HK shares gains as telecoms, oil stocks rise

Sun Dec 23, 2007 9:12pm EST
 
 (Updates to open)
 HONG KONG, Dec 24 (Reuters) - Hong Kong stocks rose on
Monday, tracking gains on the U.S. market, with telecoms stocks
up on reports the Chinese government will restructure the
industry and and oil stocks rallying on higher crude prices.
 The benchmark Hang Seng Index .HSI opened 1.22 percent
higher than Friday's close, and was trading up 1.42 percent to
28,019.92 as of 0204 GMT.
 The China Enterprises index of H shares .HSCE, or Hong
Kong-listed shares in mainland companies, was up 2.1 percent as
of 0204 GMT.
 (Reporting by Judy Hua, editing by Dominic Whiting)



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