Hong Kong Stocks Head for 19-Month High; Minsheng Gains
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Hong Kong stocks rose, lifting the city’s benchmark index to a 19-month high as China Merchants Holdings International Co. led gains on a report the government of Shenzhen may review land-use policies for a site the company jointly owns.
Far East Global Group Ltd. jumped 9.7 percent after analysts at Deutsche Securities Asia said it secured 19 percent of its 2013 contract target in two weeks. Yashili International Holdings Ltd., a manufacturer of dairy products, rose 1.9 percent after saying it expects to report a “substantial increase” in 2012 profit. Sunac China Holdings Ltd. slumped 7.5 percent on a share-sale plan.