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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: HK stock index rises for 4th straight day AP - Saturday, November 29 HONG KONG - Hong Kong's key stock index advanced for a fourth straight session Friday as investors bet Wall Street will extend gains when trade resumes following the Thanksgiving holiday. The blue chip Hang Seng index rose 336.18 points, or 2.5 percent, to 13,888.24. The benchmark index has gained 9.7 percent this week, during which the Chinese government slashed a key interest rate by the largest amount in 11 years to spur economic growth and the U.S. government announced a bailout of Citigroup. Analysts said investors anticipated the Dow Jones industrial average would extend recent gains after the U.S. stock market was closed Thursday for Thanksgiving. "Investors are having some wishful thinking that the U.S. stocks will continue to rise as market sentiments are improving," said Conita Hung, head of research at Delta Asia Securities. Most stocks gained Friday except Chinese financials. Telecom heavyweight China Mobile added 2.3 percent to 71.10 Hong Kong dollars. China Unicom rose 6.6 percent to HK$9.56, China Telecom was 3.5 percent higher at HK$2.95. In commodities, upstream oil producer CNOOC soared 5.8 percent to HK$6.25 and Sinopec gained 3.2 to HK$5.15. Bucking the trend, top lender ICBC lost 0.5 percent to HK$3.80 while China Contruction Bank dropped 2.6 percent. Insurer Ping An insurance fell 5.7 percent to HK$29.25. Rival China Life was off 2.7 percent to HK$19.94. ___ On the Net: Stock Exchange of Hong Kong: http://www.hkex.com.hk Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Iceland changes foreign exchange rulesAP - 22 minutes ago US STOCKS-Futures slip on worry about consumer, energyReuters - 29 minutes ago European markets lower ahead of Wall Street returnAP - 29 minutes ago Emerging Markets-Stocks eye 2nd largest weekly gain, rupee downReuters - 30 minutes ago Report: China tycoon allegedly manipulated sharesAP - 32 minutes ago Most Popular – Business Viewed US clears Bank of America deal for Merrill Lynch US president's mother 'doing very well' in hospital: Laura Bush Love handles increase death risk: study Obama vows 'help is on the way' for the economy Michael Jackson strikes 'amicable' deal with Arab sheikh View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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