HSBC, Belle Lead Gains as Hang Seng Index Rises to One-Week High – Bloomberg

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Hong Kong stocks rose for a second day, sending the benchmark Hang Seng Index toward a one-week high, as Belle International Holdings Ltd. led gains and HSBC Holdings Plc climbed.

The Hang Seng Index advanced 0.3 percent to 22,742.79 as of 1:01 p.m. local time. U.K. lender HSBC was the biggest contributor to the gauge’s advance after the bank bought back shares and amid a global rally by lenders. Investors are expecting the European Central Bank to extend its stimulus program beyond the current March end date.

Six of 11 sectors climbed on the Hang Seng Composite Index, which advanced 0.3 percent. The Hang Seng China Enterprises Index of mainland companies traded in Hong Kong rose 0.4 percent, with Great Wall Motor Co. climbing 3.5 percent after its vehicle sales in November jumped 43 percent. The Shanghai Composite Index gained 0.2 percent. China’s November foreign…

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