• Most Popular
  • Most Shared

HK shares open firmer as mainland stocks rise

Thu Mar 27, 2008 10:12pm EDT

HONG KONG, March 28 (Reuters) - Hong Kong stocks rose slightly on Friday, bucking softer overseas markets with strong earnings from several blue-chip companies bolstering the main index.

A rebound in mainland stocks after recent weakness was also potentially supportive for local stocks, brokers said.

The benchmark Hang Seng Index .HSI opened up 0.38 percent at 22,750.31. The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was up 1.29 percent at 11,981.76 at 0206 GMT.

Mainland Chinese shares, which fell slightly at the open, rebounded with the Shanghai benchmark index .SSEC gaining about 1 percent at one point in the first half hour of trade. The index was up 0.23 percent at 0206 GMT. (Reporting by Donny Kwok; Editing by Edmund Klamann)



More from Reuters

Major hurdles cleared in Geely bid for Volvo: source

HONG KONG (Reuters) - Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford's Volvo car unit to the Chinese automaker, a source with knowledge of the talks said on Wednesday, paving the way for the biggest acquisition of a foreign automaker by a Chinese company.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market