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Hong Kong stocks rise, with real-estate strong

Hong Kong stocks rose Monday, with financial shares mixed but with gains for real-estate names helping support the market. The Hang Seng Index HK:HSI +0.14%  rose 0.3% to 22,101.62, while among mainland Chinese firms, Hong Kong's Hang Seng China Enterprises Index 0.4%, while the Shanghai Composite Index CN:000001 -0.28%  lost 0.2%. Opulentus Hong KongA small advance for China's official non-manufacturing Purchasing Managers' Index -- which includes real estate -- appeared to boost the volatile property sector. China Resources Land Ltd. HK:1109 -0.24%  CRBJF +11.34%  rose 2.9%, Agile Property Holdings Ltd. HK:3383 +3.26%  AGPYY +2.93%  jumped 3.1%, and Sino Land Co. HK:83 +0.57%  SNLAF +3.31%  improved by 1.1%. Shares of the top-weighted Hang Seng Index component HSBC Holdings PLC HK:5 +0.70%  HBC +0.85%  added 0.7% after news its plan to buy Royal Bank of Scotland Group PLC's India assets had collapsed. On the downside, shares of Cathay Pacific Airways Ltd. HK:293 -1.32%  CPCAY -0.34%  lost 0.7% as CNBC reported the airline's staff was unhappy with the size of a planned salary hike. The stock moves came amid improving data for the manufacturing sector, with HSBC's final November reading for its manufacturing PMI rising above 50. Source: http://www.marketwatch.com/story/hong-kong-stocks-rise-with-real-estate-strong-2012-12-02?link=MW_latest_news

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