Economics
Hong Kong Stocks Caps Best Week Since September
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Hong Kong stocks rose, with the Hang Seng Index capping its biggest weekly gain since September. China Rare Earth Holdings Ltd. jumped after a report that the nation will extend subsidies to the industry.
China Rare Earth rose 4.7 percent. China Resources Enterprise Ltd., the government-backed partner of SABMiller Plc., gained 2.5 percent after reporting an increase in sales. Developers gained as they lobbied the government to adjust a property tax targeted at overseas and corporate buyers, with the Hang Seng Property Index gaining 1.6 percent.