HONG KONG – Hong Kong stocks rose at the start of trading Wednesday, with the Hang Seng Index up 0.7% at 22,951.73. Mainland construction materials companies shined after some cement companies reported a profit increase for 2013. Anhui Conch Cement Co. Ltd advanced 4.4%, after it projected a 50% jump in net profit for last year. China Resources Cement Holdings climbed 4.9%, China Shanshui Cement Group Ltd. rose 6.3% and Beijing-based cement producer BBMG Corporation gained 5.3%. Most mainland property shares underperformed the market, as investors remained cautious ahead of a release of money supply and loan data. Guangdong-based Country Garden Holdings slipped 0.4%, and Beijing-based Sino-Ocean Land Holdings Ltd. edged lower by 0.2%. Meanwhile, shares of China Mobile Ltd. were off 0.6%. The company's chairman on Wednesday reportedly said its cooperation with Apple won't be limited to handsets. On the mainland, the Shanghai Composite Index dropped 0.1%.
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