HK stocks rise 1.95 pct, China quake impact limited
HONG KONG, May 13 (Reuters) - Hong Kong stocks rose 1.95 percent on Tuesday, tracking overseas markets, with heavyweights China Mobile (0941.HK: Quote, Profile, Research, Stock Buzz) and HSBC (0005.HK: Quote, Profile, Research, Stock Buzz) leading the rise and investors expecting the market impact of an earthquake in southwest China to be limited.
Some investors were also betting that Beijing will not further tighten its monetary policy after the massive earthquake.
The benchmark Hang Seng Index .HSI closed up 489.60 points at 25,552.77.
The China Enterprises Index of Hong Kong-listed mainland companies .HSCE, or H shares, rose 2.31 percent to 13,977.91. (Reporting by Judy Hua; editing by Jonathan Hopfner)
© Thomson Reuters 2008 All rights reserved
Sphere
Obama in Iraq twist
