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HK shares rise as Fed comment boosts properties

HONG KONG
Thu Jan 10, 2008 9:07pm EST

HONG KONG (Reuters) - Hong Kong stocks rose 0.75 percent on Friday after U.S. Federal Reserve Chairman Ben Bernanke suggested the central bank was leaning towards aggressive rate cuts, helping rate-sensitive property shares recover.

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The benchmark Hang Seng Index .HSI opened at 27,435.51.

The China Enterprises index of H shares .HSCE, or Hong Kong-listed shares in mainland companies, was up 1.11 percent as of 9:02 p.m. EST.

(Reporting by Rita Chang; Editing by Anne Marie Roantree)
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