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    Sunday, November 22, 2009

    Hong Kong Stocks Rebound On Commodity Producers

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    By V. Phani Kumar
    MarketWatch Pulse
       

      HONG KONG -- Hong Kong shares staged a modest recovery early Monday after dropping in the previous four sessions, with gold miners leading commodity stocks higher as the yellow metal's prices continued to rise to new record levels. The Hang Seng Index advanced 0.5% to 22,573.04, in spite of a pre-weekend fall on Wall Street, while the Hang Seng China Enterprises Index added 1% to 13,456.56. Zijin Mining Group Co. rose 3.7%, and Zhaojin Mining Industry Co. added 2.9%. Among other gainers, Aluminum Corp. of China Ltd. rose 2.7%. China's Shanghai Composite, meanwhile, advanced 0.5% to 3,323.81 in morning trading.

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