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MW: Hong Kong stocks shoot higher in early trade
 
By Michael Kitchen
LOS ANGELES (MarketWatch) -- Hong Kong stocks joined a global rebound early Tuesday, with recently beleaguered resource and financial shares among the leading gainers. The Hang Seng Index jumped 2.4% to 17,819.92 in the early minutes, while the Hang Seng China Enterprises Index added 3.5%. In the resource space, Aluminum Corp. of China Ltd., or Chalco ACH +3.22% HK:2600 +6.70% CN:601600 +0.96% rose 4.2%, Jiangxi Copper Co. CN:600362 +0.90% HK:358 +17.25% JIXAY -7.77% soared 7.8%, and Angang Steel Co. HK:347 +8.66% ANGGF -14.74% improved by 5%. Among the banks, China Merchants Bank Co. CN:600036 +1.38% HK:3968 +10.41% CIHHF -3.55% rose 3.3%, Agricultural Bank of China Ltd. HK:1288 +8.71% CN:601288 0.00% added 4.6%, and China Citic Bank Corp. HK:998 +6.23% CN:601998 +0.68% CHBJF -9.09% was up 3.4%. Exporters also shot higher, with Esprit Holdings Ltd. HK:330 +7.19% ESHDF -9.23% rebounding 5.6% and Foxconn International Holdings Ltd. HK:2038 +8.77% FXCNF -4.90% improving by 5.5%. Shares of Lenovo Group Ltd. HK:992 +11.21% LNVGF -5.83% traded up 4% after it announced a notebook-computer joint venture with Taiwan's Compal Electronics Inc. . Over on the Chinese mainland, shares also drove higher, with the Shanghai Composite CN:000001 +0.91% up 0.7%.
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