HK stocks open up 2.2 pct; banks gain

Mon Jul 13, 2009 9:59pm EDT
 
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HONG KONG, July 14 (Reuters) - Hong Kong shares will open up 2.19 percent on Tuesday, tracking a rally in the U.S. following a bullish analyst outlook for bank earnings, with the focus likely to be on banking stocks.

The benchmark Hang Seng Index .HSI will start 377.04 points higher at 17,631.67. Financial and banking issues were up, with China Life (2628.HK) rising 2.19 percent and ICBC (1398.HK) advancing 1.22 percent.

The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, will open 2.24 percent higher at 10,509.11. (US$1=HK$7.8) (Reporting by Donny Kwok; editing by Jonathan Hopfner)

 

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