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Post by bot on Jan 20, 2012 2:35:12 GMT -5
Hang Seng Index back above 20,000 from MarketWatch.com - MarketPulse HONG KONG (MarketWatch) -- Hong Kong shares climbed early Friday, charting the course for a fourth straight day of gains, with heavyweight HSBC Holdings PLC fronting the advance after successful debt auctions by European nations and an extended rally on Wall Street. The Hang Seng Index reclaimed the psychologically-important 20,000-point level, rising 0.6% to 20,061.09. The Hang Seng China Enterprises Index added 0.4% to 11,185.96, tracking gains on the mainland bourses as the Shanghai Composite climbed 0.4% to 2,305.32. HSBC rose 2.6% to mirror strong gains for the heavyweight bank's London-listed shares Thursday, when major European lenders rallied strongly. The advance helped mask weakness in several mainland shares after recent gains. Shares of China Petroleum & Chemical Corp. dropped 0.9% and China Resources Land Ltd. fell 1.3%.
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