HK stocks to gain on G20 pledge; refiners in focus
HONG KONG, Nov 10 (Reuters) - Hong Kong shares may rise for a third straight session on Tuesday, as a Wall Street rally and a pledge by the Group of 20 to support the world economy will likely boost investor sentiment.
China's refiners such as Sinopec Corp (0386.HK) and PetroChina (0857.HK) will be in focus after Beijing said it would lift gasoline and diesel prices by around 7 percent from Tuesday, taking pump prices to their highest ever. [ID:nPEK221762].
The benchmark Hang Seng Index .HSI ended up 1.73 percent on Monday at 22,207.55, its highest close in more than two weeks.
The China Enterprises Index .HSCE of top locally listed mainland Chinese stocks rose 2.31 percent to 13,318.48.
STOCKS TO WATCH:
* BYD Co Ltd's (1211.HK) battery-making arm BYD Electronic (0285.HK) said it expected no material impact on its financial and operating conditions or its business prospects from Nokia Oyj's (NOK1V.HE) announcement that it was replacing 14 million cellphone chargers, which it said could give users electric shocks. BYD has become an increasingly important supplier to Nokia over the last few years. [ID:nL9382553]
* Wynn Macau (1128.HK) said its casino revenues decreased US$26.3 million in the three months ended in September from a year ago to US$448.52 million. It said it experienced a 5.1 percent drop in the VIP revenue segment due to a decrease in win percentages to 2.84 percent during the period from 3.10 percent in the prior year. For statement please click here ------------------- MARKET SNAPSHOT @ 2243 GMT --------------
INSTRUMENT LAST PCT CHG NET CHG S&P 500 .SPX 1093.08 2.22% 23.780 USD/JPY JPY= 89.96 -0% 0.000 10-YR US TSY YLD US10YT=RR 3.4838 -- -0.017 SPOT GOLD XAU= 1101.9 -0.18% -1.950 US CRUDE CLc1 79.43 0.00% 2.000 DOW JONES .DJI 10226.94 2.03% 203.52 ASIA ADRS .BKAS 125.61 2.51% 3.07 -------------------------------------------------------------
MARKET SUMMARY *Dow hits '09 high in rally on bigger risk appetite[nN09275434] *Oil up $2 as Ida shuts 30 pct Gulf of Mexico output[nSP281311] *Dollar struggles after G20; euro breaks $1.50 [nN09266650] *Treasury bond prices pare earlier advance [nNYD001584]
(Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)
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