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HK shares gain 1.8 pct, telecoms, oil plays rise

Sun Dec 23, 2007 11:40pm EST
 
 (Updates to close)
 HONG KONG, Dec 24 (Reuters) - Hong Kong stocks rallied 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 ended up 1.82 percent at
28,128.80.
 The China Enterprises index of H shares .HSCE, or Hong
Kong-listed shares in mainland companies, gained 2.76 percent to
16,422.61.
 (Reporting by Judy Hua, editing by Dominic Whiting)



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