Hong Kong Stocks Rise on U.S. Housing Gains; Energy Shares Climb

Hong Kong stocks rose, with the benchmark index headed for its longest winning streak in six months, after pending sales of homes gained in the U.S. and as energy companies rebounded.

The Hang Seng Index (HSI) climbed 1.2 percent to 22,841.05 as of 9:35 a.m. in Hong Kong, with all but one stock advancing in the 50-member gauge. The index was headed for a fifth straight day of gains, its longest streak since Oct. 25.

The Hang Seng China Enterprises Index of mainland companies traded in the city advanced 1.5 percent to 10,942.88. Mainland equity markets are closed through May 1 for public holidays, while the Hong Kong market will be shut tomorrow.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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