HK stocks end up 2.02% as HSBC gains - July 27

HONG KONG -- Hong Kong stocks moved up 2.02 percent Friday.

The benchmark Hang Seng Index increased 382.17 points or 2.02 percent to close at 19,274.96 points, after trading between a day high of 19,330.69 points and a day low of 19,162.53 points. Turnover was HK$43.98 billion ($5.67 billion).

The H-Share Index moved up 187.93 points, or 2.04 percent, to end at 9,398.85 points.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 2.64 percent to HK$64.15. China Mobile, China's dominant mobile carrier, ended up 1.31 percent at HK$88.9. Another Chinese telecom giant China Unicom, edged up 2.31 percent to HK$11.5. Local bourse operator HKEX increased 1.5 percent to HK$101.8. China Resources Enterprise soared 6.32 percent to HK$20.35, becoming the best performer among blue chips.

As for mainland-based financial stocks, Industrial and Commercial Bank of China Ltd, China's largest bank by market value, rose 2.66 percent to close at HK$4.24; CCB, the country's second largest lender by market capitalization, moved up 2.07 percent to close at HK$4.94; while BOC, one of the "big four", ended up 2.11 percent to HK$2.91.

For local property developers, Sun Hung Kai, HK's largest property developer by market value, moved up 1.12 percent to close at HK$95.05; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 2.45 percent to close at HK$100.5.

PetroChina, the country's largest oil and gas producer, closed up 1.28 percent to HK$9.5. Sinopec, China's top refiner, rose 1.95 percent to HK$6.8.

China Life, one of the world's largest life insurers by market value, ended up 1.44 percent to HK$21.15. Ping An Insurance, China's second largest insurer, increased 2.13 percent to HK$60.05.