Economics
Hong Kong Stocks Rise for Second Day Before China Data
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Hong Kong stocks rose, with the benchmark index rising a second day, before the release of China’s second-quarter economic growth figures.
Telecommunications companies extended yesterday’s advance, with China Mobile Ltd. adding 3.4 percent. ZTE Corp., a maker of video-conferencing systems, jumped 8.4 percent after raising its first-half profit forecast. Kingdee International Software Group Co. climbed 6.5 percent to a three-month high after saying it started offering applications for small businesses with Tencent Holdings Ltd.