Roundup: Hong Kong stocks close 2.79 pct higher

Hong Kong stocks moved up 755. 56 points, or 2.79 percent, on Tuesday at 27,850.49 points.

The benchmark Hang Seng Index traded between 27,404.15 and 27, 925.36. Turnover totaled 182.96 billion HK dollars (about 23.61 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 419.94 points, or 2.98 percent, to close at 14,531.28.

All of the four sub-indices gained ground. The Commerce & Industry sub-index rose the most at 3.74 percent, followed by the Finance at 2.54 percent, the Properties at 1.35 percent, the Utilities at 0.89 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved up 0.57 percent to 70.85 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, rose 1.52 percent to close at 33.3 HK dollars.

Local bourse operator HKEX rocketed 5.13 percent to 286.6 HK dollars.

China Mobile, China's dominant mobile carrier, surged 7.51 percent to 115.9 HK dollars. China Unicom, another Chinese telecom giant, gained 3.57 percent to 14.5 HK dollars.

Local property stocks went up. Sun Hung Kai, one of Hong Kong's largest property developer by market value added 0.65 percent to close at 124.6 HK dollars. Henderson Land rose 1.55 percent to 59. 15 HK dollars. CKH Holdings rose 2.68 percent to 168.9 HK dollars.

Mainland-based financial stocks were up. Bank of China gained 4. 2 percent to 5.46 HK dollars. China Construction Bank rose 4.16 percent to 7.76 HK dollars. Bank of Communication moved up 3.52 percent to 7.94 HK dollars. ICBC went higher 4.03 percent to 6.97 HK dollars.

As for energy stocks, China's top refiner Sinopec gained 1.75 percent to 6.96 HK dollars. PetroChina, the country's largest oil and gas producer, grew 2.11 percent to 10.18 HK dollars. CNOOC climbed 2.02 percent to 13.12 HK dollars (1 U.S. dollar equals 7. 75 HK dollars) Endi