Hong Kong shares rise

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

Published Jul 21, 2015

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Hong Kong - Hong Kong stocks rose on Tuesday, with investors encouraged by signs that mainland share markets are stabilising.

The Hang Seng index rose 0.5 percent, to 25,536.43, while the China Enterprises Index gained 0.8 percent, to 11,871.54 points.

The telecommunications sub-index rose, led by a surge in Chinese telecom giants China Mobile, China Telecom and China Unicom.

Investors bet the companies would benefit from government reforms, after the official Shanghai Securities News reported that China would soon launch a plan to overhaul the country's creaking state-owned enterprises (SOE).

Financial stocks were also up.

Reuters

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