HONG KONG, May 26 (Reuters) - By 0630 GMT, the benchmark Hang
Seng Index had extended the morning's gains and was up 1.7
percent at 19,524.21.
The China Enterprise Index of top locally listed mainland stocks had risen 2.4 percent
Here are some stocks on the move:
* Shares of energy companies were higher as the price of crude oil extended a 4 percent rise during U.S. trade. China National Offshore Oil Corp (CNOOC) led gains and was up 4.8 percent. Sinopec rose 3.9 percent.
* iPhone-maker Foxconn rose over 7 percent for the second consecutive day as it recovered from a seven-month low earlier this week as news of suspected suicides at the high-tech company's production base in southern China spooked investors.
The string of apparent suicides and attempted suicides has thrown a spotlight on the tough labour practices at Foxconn, a unit of Taiwan's Hon Hai Precision Industry, whose clients include Apple and Sony Ericsson .
* Shares of Europe-focused retailer Esprit Holdings rose 6.2 percent, the sharpest in nearly 4 months, as investors bought into shares battered because of the company's exposure to the euro zone.
The heavy selling of Esprit shares in recent weeks has taken their multiple to 9.5 times 12-month forward earnings, or 39 percent below the 10-year median for the same valuation metric.
(Reporting by Vikram S Subhedar; Editing by Ken Wills)
((vikram.subhedar@thomsonreuters.com; +852 2843 6975; Reuters Messaging: vikram.subhedar.reuters.com@reuters.net)) Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview ($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The China Enterprise Index of top locally listed mainland stocks had risen 2.4 percent
Here are some stocks on the move:
* Shares of energy companies were higher as the price of crude oil extended a 4 percent rise during U.S. trade. China National Offshore Oil Corp (CNOOC) led gains and was up 4.8 percent. Sinopec rose 3.9 percent.
* iPhone-maker Foxconn rose over 7 percent for the second consecutive day as it recovered from a seven-month low earlier this week as news of suspected suicides at the high-tech company's production base in southern China spooked investors.
The string of apparent suicides and attempted suicides has thrown a spotlight on the tough labour practices at Foxconn, a unit of Taiwan's Hon Hai Precision Industry, whose clients include Apple and Sony Ericsson .
* Shares of Europe-focused retailer Esprit Holdings rose 6.2 percent, the sharpest in nearly 4 months, as investors bought into shares battered because of the company's exposure to the euro zone.
The heavy selling of Esprit shares in recent weeks has taken their multiple to 9.5 times 12-month forward earnings, or 39 percent below the 10-year median for the same valuation metric.
(Reporting by Vikram S Subhedar; Editing by Ken Wills)
((vikram.subhedar@thomsonreuters.com; +852 2843 6975; Reuters Messaging: vikram.subhedar.reuters.com@reuters.net)) Pan-Asia...... Japan........ S.Korea.... S.E. Asia............ Hong Kong... Taiwan..... Australia/NZ......... India....... China...... OTHER MARKETS: Wall Street........... Gold......... Currency.. Eurostocks........... Oil........... JP bonds... ADR Report.......... LME metals.. US bonds... Stocks News US... Stocks News Europe... DIARIES & DATA: IPO diary & data Asia earnings diary U.S. earnings diary European diary Taiwan diary Wall Street Week Ahead Eurostocks Week Ahead World forecasts TOP NEWS: For top Asian company news, double click on: U.S. company news European company news Forex news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: http://topnews.session.rservices.com LIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQ Nikkei FTSE 100 Debt Hong Kong Dollar LME price overview ($1=6.825 Yuan) Keywords: MARKETS HONGKONG STOCKS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.