Mainland stocks rally in HK as energy producers rebound

Chinese mainland stocks in Hong Kong rallied the most in a month after valuations on the benchmark gauge fell to their lowest level relative to global peers in 12 years. Oil producers led the rebound, while the yuan fell for a ninth day.

The Hang Seng China Enterprises Index climbed 2.1 percent to 9,538.66 points at the close, the steepest advance since Nov 4.

PetroChina Co and China Petrochemical Corp, which fell to their lowest levels in at least six years this week, surged after the government signaled it would not cut fuel prices.