HK stocks close up 1.75% - July 17

HONG KONG -- Hong Kong stocks jumped on Tuesday, as heavy weights and mainland lenders gained.

The benchmark Hang Seng Index moved up 333.99 points to close at 19,455.33 points, after trading between a day high of 19,479.28 points and a day low of 19,156.96 points.

Turnover expanded to HK$42.68 billion ($5.5 billion) from Monday's HK$35.28 billion.

The H-Share Index moved up 161.89 points, or 1.76 percent, to end at 9,380.67 points.

Banking giant HSBC edged up 1.27 percent to close at HK$67.95. China Mobile, China's dominant mobile carrier ended up 1.11 percent at HK$86.65.

Mainland lenders listed in Hong Kong gained. ICBC, China's largest bank by market value, edged up 2.5 percent to close at HK$4.1; CCB, the country's second largest lender by market capitalization, increased 1.26 percent to close at HK$4.83; BOC, one of the "big four", ended up 1.08 percent at HK$2.81.

For local property developers, Sun Hung Kai, HK's largest property developer by market value, moved up 1.53 percent to close at HK$95.95; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 4.24 percent to HK$100.8.

PetroChina, the country's largest oil and gas producer closed up 1.92 percent to HK$9.58. Sinopec, China's top refiner, moved up 1.78 percent to HK$6.85.

China Life, one of the world's largest life insurers by market value, ended up 3.59 percent at HK$21.65.