Economics
Hong Kong Stocks Rise as Wen Says China May Add Stimulus
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Hong Kong stocks rose, with the benchmark index advancing for a second day, after Premier Wen Jiabao said China’s government will boost measures to support growth in the world’s second-biggest economy.
Belle International Holdings Ltd., China’s No. 1 retailer of women’s shoes, rose 1.9 percent. Sands China Ltd. climbed 2.4 percent after the gaming company said it was given more time to build a casino resort in Macau on land granted by the government. ZTE Corp., the second-largest maker of telecommunications equipment in China, slumped 16 percent after saying first-half profit probably dropped by as much as 80 percent from a year earlier.