HK Hot Stocks: Sino Land leads surge in properties
HONG KONG, Oct 26 (Reuters) - Here are some stocks on the move in Hong Kong on Friday:
As of 0238 GMT, the blue-chip Hang Seng Index .HSI was up 1 percent, staying poised above the 30,000 level for the first time.
The index opened up 1.2 percent at 30,215.20,.
STOCKS ON THE MOVE:
* Property shares resume climb on rate cut expectation
Sino Land (0083.HK) surged 8 percent to HK$23.65 in heavy trade, earlier having set a new peak amid its recent acquisition spree. Sun Hung Kai Properties (0016.HK) advanced 1.6 percent to HK$150, having earlier hit a record high.
* Hengan International (1044.HK), a personal hygiene products maker, dropped 4.2 percent to HK$30.65 in resumed trade after saying it was selling 60 million shares at a discount of 4.8 percent to the last closing price.
* Hutchison Telecommunications International Ltd (2332.HK) tumbled 8 percent to HK$10.40 after Orascom Telecom Holding (ORTE.CA) cut its stake in the emerging markets mobile play by selling up to HK$1.6 billion (US$205 million) worth of shares in the company, the South China Morning Post reported on Friday. [ID:nHKG135343]
* European-focused apparel retailer Esprit Holdings (0330.HK) jumped 3.3 percent to HK$123.8 as the dollar was near an all-time low against the euro. News that it was in talks to make more acquisitions also boosted shares.
