HONG KONG, Oct 14 (Reuters) - Hong Kong shares rose 3.2 percent on Tuesday, building on the previous session's rally, as governments worldwide pledged to pour cash into the financial system, sending shares in Standard Chartered soaring by nearly a fifth.
Resource counters joined the rally after crude oil prices shot up another $2 per barrel on Tuesday. Offshore oil specialist CNOOC and China Shenhua Energy , the world's most valuable coal miner, each gained more than 10 percent.
The benchmark Hang Seng Index .HSI unofficially closed 520.40 points higher at 16,832.56 after soaring to 17,141.05 earlier. The index trimmed gains, tracking a sudden about-turn on the Shanghai bourse which closed 2.7 percent lower on worries about the slowing Chinese economy.
The China Enterprises Index .HSCE of top locally listed mainland Chinese companies finished up 4.6 percent at 8,453.26. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)
Tuesday, October 14, 2008
HK shares end up 3.2 pct as banks, resources rally
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