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HK stocks rise as ICBC eyes profit jump

Wed Apr 9, 2008 10:10pm EDT

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HONG KONG, April 10 (Reuters) - Hong Kong stocks rose 0.49 percent on Thursday as financial plays gained after China's biggest bank, ICBC (1398.HK), estimated its net profit will jump in the first quarter, offsetting concerns over a U.S. recession.

The Hang Seng Index .HSI opened at 24,101.41. The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, was up 0.37 percent at 12,991.35 as of 0202 GMT. (US$1=HK$7.8) (Reporting by Judy Hua; Editing by Anne Marie Roantree)



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