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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: HK shares gain surge 5.5 pct, led by CNOOC Reuters - Wednesday, October 29 HONG KONG, Oct 29 - Hong Kong shares extended gains to rally more than 5.5 percent on Wednesday as energy counters surged on strong results from coal miner China Shenhua <1088.HK> and oil producer CNOOC <0883.HK>, and higher crude oil prices. At 0340, the benchmark Hang Seng Index <.HSI> was 668.06 points higher at 13,264.35 after opening up 1.7 percent China's top offshore oil producer, CNOOC, soared 17.9 percent after posting a healthy increase in its production and revenues for the third quarter. The China Enterprises Index <.HSCE> of top locally listed mainland Chinese companies had risen 7.2 percent to 6,092.41. China Shenhua Energy <1088.HK>, the world's most valuable coal moner, rallied 16 percent after announcing a 48 percent increase in third quarter net profit. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree) 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: China's Economy Rate-cut hopes relieve financial gloomAFP - 1 hour 40 minutes ago Weak industrial output weighs on Japanese economyAP - 1 hour 43 minutes ago Shanghai airport group says may miss volume targetReuters - 2 hours 33 minutes ago Sony's quarterly operating profit plunges 90%AFP - 2 hours 34 minutes ago Related Articles: Business Newmont 3Q profits fall 51 percent on higher costsAP - 1 hour 3 minutes ago European stocks up after Dow surgeAP - 1 hour 15 minutes ago China investigates tainted eggs in new food scareAP - 1 hour 17 minutes ago Oil bounces off 17-month lowAP - 1 hour 18 minutes ago Qwest 3Q profit down; will cut 1,200 jobsAP - 1 hour 19 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed When men see red, they see hot: study World's fattest man weds friend's widow Desperate pleas end in despair as starlet's nephew found dead Markets rebound ahead of key US meeting Australian central bank intervenes as dollar falls again View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Wednesday, 29 October 2008
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