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HK shares leap nearly 2 pct, HSBC boosts blue chips

Tue Feb 12, 2008 9:04pm EST

Stocks

    
 (Updates to open)
 HONG KONG, Feb 13 (Reuters) - Hong Kong stocks rose further
on Wednesday as gains in U.S. equities boosted investor
confidence, helped by Warren Buffet's offer to reinsure $800
billion in municipal debt risk from the top three bond insurers.
 Global lender HSBC Holdings (0005.HK) led the blue chips,
advaancing more than 2 percent shortly after the open.
 The benchmark Hang Seng Index .HSI opened up 1.8 percent at
23,330.09.
 (Reporting by Rita Chang; Editing by Anne Marie Roantree)



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