Hong Kong Stocks Rise as Greek Vote Eases Euro Concern

Hong Kong stocks rose, with the benchmark index capping its biggest two-day gain since January, as projections showed pro-bailout parties won control of Greece’s parliament in an election viewed as a referendum on whether the debt-strapped country will stay in the euro.

HSBC Holdings Plc, Europe’s largest bank, rose 1 percent. China Mengniu Dairy Co. gained 6.8 percent after Denmark’s Arla Foods said it plans to buy a stake in the milk producer. Hong Kong Exchanges & Clearing Ltd. fell 4.5 percent after Morgan Stanley said the bourse’s bid for the London Metal Exchange was “extremely expensive.”