Hong Kong shares extend gains after deal averts fiscal cliff

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Hong Kong shares extend gains after deal averts fiscal cliff

January 02, 2013 07:35 AM

An investor looks at the stock price monitor at a private securities company Thursday, Feb. 9, 2012 in Shanghai, China. Mainland Chinese shares edged higher with the benchmark Shanghai Composite Index gaining 0.1 percent, or 2.06 points, to 2,349.59. (AP Photo)

HONG KONG: Hong Kong shares extended gains at the resumption of trade after lunch on Wednesday, led by growth-sensitive counters after the U.S. Congress passed a bill that averted a fiscal crisis, warding off fears of a recession in the world's largest economy.

The Hang Seng Index was up 2 percent at 23,111.9 at 0320 GMT, its highest since June 2011. The China Enterprises Index of the top Chinese listings in Hong Kong was up 2.9 percent.

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