HK shares close at highest in 15 mths, led by HSBC

HONG KONG, Nov 11 (Reuters) - Hong Kong stocks rose to their
highest close in 15 months on Wednesday, with index heavyweight
HSBC leading gains after a bullish outlook from the bank
eclipsed concerns about stretched market valuations following a
four-day rally.

HSBC (0005.HK) rose as much as 6.2 percent to HK$94.2, its
highest since October 2008, before settling at HK$94, up 5.98
percent, after the bank declared on Tuesday the first
improvement for three years in losses on U.S. consumer credit.
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The benchmark Hang Seng Index closed up 1.61 percent, or
359.05 points at 22,627.21.

The China Enterprises Index of top locally listed mainland
Chinese stocks rose 0.7 percent to 13,460.43.
(Reporting by Sui-Lee Wee; Editing by Chris Lewis)