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Old 06-17-2012, 10:52 PM   #1
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Hong Kong shares jump after Greek vote; HKEx drops

Hong Kong shares jumped to extend gains early Monday on a boost to investor sentiment after Greek election results showed a lead for a pro-austerity party reinforced expectations the nation won't leave the euro-zone. The Hang Seng Index HK:HSI +1.55% climbed 1.4% to 19,504.89, with 48 of its 49 constituents rising, while the Hang Seng China Enterprises Index gained 1.5% to 9,892.39. Shares of Cnooc Ltd. CEO +4.57% HK:883 +3.16% climbed 3.2% on a strong advance in crude-oil prices, while China Overseas Land & Investment Ltd. CAOVY +4.45% HK:688 +2.93% gained 3.3% and Cathay Pacific Airways Ltd. CPCAY +1.05% HK:293 +2.98% rose 2.5%. Bourse operator Hong Kong Exchanges & Clearing Ltd. HK:388 -3.38% HKXCY +1.63% was the only decliner among Hang Seng Index components, dropping 3.1% after it announced Friday the acquisition of London Metal Exchange. China's Shanghai Composite CN:000001 +0.69% rose 0.4% to 2,315.46.
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