HONG KONG, May 7 (Reuters) - By 0700 GMT, the benchmark Hang
Seng Index was up 2.3 percent at 20,376.9.
The China Enterprise Index of top locally listed mainland stocks had risen almost 3 percent.
Here are some stocks on the move:
* Market heavyweight and Europe's biggest lender HSBC Holdings rose 4.2 percent, their highest since November 2009, after the bank reported late on Friday that its U.S. business returned to profit for the first time since 2007. Investors also bought the recently beaten down shares as a $1 trillion emergency aid package to resolve the Greek debt crisis eased fears of a eurozone contagion.
* Europe-focused retailer Esprit Holdings rose to the highest level since the beginning of April, up about 3.5 percent in afternoon trade.
* Consumer goods exporter Li & Fung, which supplies retailers such as Wal-Mart Inc and Target, rose 3.6 percent after data showed U.S. employment grew at its fastest pace in four years as businesses ramped up hiring, indicating that consumer spending would likely pick up.
((Reporting by Vikram S Subhedar; Editing by Chris Lewis))
((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 almost 3 percent.
Here are some stocks on the move:
* Market heavyweight and Europe's biggest lender HSBC Holdings rose 4.2 percent, their highest since November 2009, after the bank reported late on Friday that its U.S. business returned to profit for the first time since 2007. Investors also bought the recently beaten down shares as a $1 trillion emergency aid package to resolve the Greek debt crisis eased fears of a eurozone contagion.
* Europe-focused retailer Esprit Holdings rose to the highest level since the beginning of April, up about 3.5 percent in afternoon trade.
* Consumer goods exporter Li & Fung, which supplies retailers such as Wal-Mart Inc and Target, rose 3.6 percent after data showed U.S. employment grew at its fastest pace in four years as businesses ramped up hiring, indicating that consumer spending would likely pick up.
((Reporting by Vikram S Subhedar; Editing by Chris Lewis))
((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.
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