HONG KONG Nov 23 Hong Kong shares rose for a
third-straight session and closed out their best week in 2-1/2
months on Friday, with the Chinese property sector the top
The Hang Seng Index closed up 0.8 percent on the day
and 3.6 percent on the week at 21,914 points. The China
Enterprises Index of the top Chinese listings in Hong
Kong rose 1.1 percent on Friday and 3.6 percent this week.
In the mainland, the CSI300 Index of the top
Shanghai and Shenzhen listings closed up 0.7 percent on the day
and 0.7 percent on the week. The Shanghai Composite Index
rose 0.6 percent on Friday and 0.6 percent this week.
* Gains on the week were all four indexes' first in three
weeks, but turnover in Hong Kong was just more than half of what
it was when the Hang Seng Index jumped 4.2 percent during Sept
* Chinese property stocks saw strong gains for a third
straight session, driven by comments from the country's finance
ministry and the vice-premier about market reforms in the
world's second-largest economy. Two Hong Kong-based dealers also
said on Friday there was market talk of a Chinese reserve rate
cut over the weekend despite mainland money markets indicating
little need for such a move.