MW: Hong Kong stocks climb, helped by property shares
By Michael Kitchen
LOS ANGELES (MarketWatch) -- Hong Kong stocks pushed higher in early Thursday trading, helped by an overnight rally on Wall Street, with real-estate stocks among the top gainers. The benchmark Hang Seng Index (HK:HANGSENG 23,146, +122.30, +0.53%) rose 0.7% to 23,181.0, while the Hang Seng China Enterprises Index -- or H-share index -- gained 0.6% to 12,950.9. Property shares extended their previous session rebound, with Cheung Kong Holdings Ltd. (HK:1 116.10, +2.20, +1.93%) (CHEUY 14.80, +0.48, +3.35%) jumping 2.6% on news its chairman, billionaire tycoon Li Ka-shing, had increased his stake in the company. Elsewhere in the sector, Sun Hung Kai Properties Ltd. (HK:16 127.50, +1.70, +1.35%) (SUHJY 16.39, +0.30, +1.86%) added 1.6%, and Sino Land Co. (HK:83 15.32, +0.34, +2.27%) (SNLAF 2.35, +0.23, +10.85%) advanced 2%. Over on mainland China, the Shanghai Composite (CN:SHCOMP 2,898, +38.33, +1.34%) rose 0.3%.A
