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HK stocks set to open up on U.S. GDP; ICBC rises
October 30, 2009 / 2:01 AM / 8 years ago

HK stocks set to open up on U.S. GDP; ICBC rises

 HONG KONG, Oct 30 (Reuters) - Hong Kong stocks are set to open 2.14 percent higher on Friday, spurred by better than forecast U.S. growth data, with Industrial Commercial Bank of China (ICBC) (1398.HK) rising as its quarterly profit jumped.
 ICBC rose 2.47 percent after reporting that its quarterly profit jumped 19 percent, helped by a lending boom in the mainland. Rival Bank of China (3988.HK) was up 2.54 percent after saying profit rose 19 percent. [ID:nPEK304345]
 The benchmark Hang Seng Index .HSI was indicated to open up 455.42 points at 21,720.41.
 The China Enterprises Index .HSCE of top locally listed mainland Chinese stocks was set to rise 2.17 percent to 12,737.24.
 Comtec Solar Systems Group (0712.HK) debuted at HK$2.18 versus its IPO price of HK$2.10.
 Brilliance China Automotive (1114.HK) gained 8.53 percent. The Chinese minibus manufacturer and a joint venture partner of BMW said it would sell its loss-making Zhonghua sedan brand business.
 (Reporting by Jun Ebias; Editing by Jonathan Hopfner)                             

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