Hong Kong stocks rose december 12 2011

Indonesia stock info - Hong Kong stocks rose december 12 2011 ; Hong Kong stocks rose for the first time in three days after U.S. consumer confidence topped estimates and European leaders expanded a bailout fund and tightened anti-deficit rules.

HSBC Holdings Plc, Europe’s largest bank by market value, rose 2.4 percent in Hong Kong. Industrial & Commercial Bank of China Ltd., the mainland’s biggest lender, increased 2.6 percent on speculation China’s slowest export growth since 2009 will prompt the government to ease monetary policy. Jiangxi Copper Co., China’s biggest producer of the metal by market value, gained 2.8 percent after commodity prices rose.

The Hang Seng Index rose 1.4 percent to 18,846.84 as of 9:41 a.m. local time, with all but five stocks advancing in the 48-member gauge. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong gained 1.9 percent to 10,253.22.

Futures on the Hang Seng Index rose 1.7 percent to 18,857. The HSI Volatility Index sank 8.5 percent to 29.51, indicating options traders expect a swing of 8.5 percent in the benchmark over the next 30 days.

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