HONG KONG: Hong Kong stocks rose, with the benchmark index headed for its biggest weekly gain since February, on speculation central banks will take steps to bolster economies as Europe's debt crisis hurts growth.
The Hang Seng Index climbed 0.9% to 18,972.21 as of 9:42 a.m. local time, with 10 stocks rising for each that dropped in the 49-member gauge. For the week, the index is headed for a 2.7% gain, its first weekly advance in six and the steepest rise since Feb. 17. The Hang Seng China Enterprises Index of mainland stocks rose 1.2% to 9,636.8.
Hang Seng Index futures expiring this month climbed 1.3% to 18,998. The HSI Volatility Index slid 2.1% to 27.33, indicating traders expect a swing of about 7.8% in the benchmark index during the next 30 days. (T07/aph)
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