Hong Kong Shares Up 0.47 % by Lunch

Hong Kong stocks rose 0.47 percent in the morning session Tuesday on hopes for further easing measures after China central bank loosened mortgage rules in a bid to boost the slowing economy.

hong kong exchange

The benchmark Hang Seng Index added 116.49 points to 24,971.61 by lunch on turnover of HK$85.82 billion ($11.07 billion). In mainland China the benchmark Shanghai Composite Index edged up 0.11 percent, or 4.24 points, to 3,790.81. 

The Shenzhen Composite Index, which tracks stocks on China s second exchange, rose 0.80 percent, or 15.62 points, to 1,963.68.