Hong Kong stocks posted their biggest
gain in nearly two weeks on Tuesday, after major U.S. benchmarks
hit fresh peaks overnight, setting a bullish tone for Asian
The market was also propped up by a surge in energy shares
on prospects of oil producing countries agreeing to
The Hang Seng index rose 1.4 percent, to 22,678.07,
while the China Enterprises Index gained 2.2 percent, to
The rally could also be the result of some bargain hunting,
after the market's four consecutive weeks of losses. But
investors remain worried about a rapidly-strengthening dollar,
which threatens to divert funds from emerging markets.
All main sectors rose in Hong Kong.
An index tracking energy shares jumped 3.8 percent, after
oil prices surged more than 4 percent on Monday.
The resurgence in oil prices came after comments by Russian
President Vladimir Putin raised expectations that major oil
producing countries could reach a deal to limit output at a
meeting next week.