Thursday, May 3, 2007

Hong Kong Shares Climb to Highest in Two Weeks; Henderson Land Advances

(Bloomberg) -- Hong Kong's stocks rose to the highest in two weeks. Henderson Land Development Co. led gains among developers after Merrill Lynch & Co. raised its share-price estimate for the stock on the company's businesses in China.

``There's strong liquidity flowing into Hong Kong market,'' said Renault Kam, a director of Atlantis Investment Management Ltd., which oversees $3 billion in Asia. ``Investors view developers as asset plays which benefits from robust China growth.''


Read more at Bloomberg Stocks News

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