HONG KONG Feb 20 Hong Kong shares rose on
Wednesday, helped by an improving global economic outlook, with
retailers gaining ground after strong sales figures from
cosmetics firm Sa Sa International Holdings Ltd and Italian
fashion house Prada SpA.
The Hang Seng Index closed up 0.7 percent at
23,307.41. The China Enterprises Index of the top
Chinese listings in Hong Kong rose 1.4 percent.
The Shanghai Composite Index ended up 0.6 percent at
2,397.17. The CSI300 of the top Shanghai and Shenzhen
A-share listings gained 0.6 percent.
* Retailers rose as consumer sentiment in China improved. Sa
Sa International Holdings Ltd rose 7.9 percent to a
record high, while Bonjour Holdings Ltd, a smaller
rival of Sa Sa, rose 5.2 percent. Italian fashion house Prada
SpA rose 3.3 percent.
* A decline in China's real estate sector was milder than in
previous sessions after Standard & Poor's said it did not expect
Beijing to drastically tighten or loosen its controls over the
industry this year. In Hong Kong, China Resources Land
lost 0.2 percent, while China Overseas Land fell 1.1
percent. China Vanke, China's largest property
developer by sales, rose 2.1 percent in Shenzhen.