(Bloomberg) -- Asian energy stocks rose after crude-
oil prices traded near a two-week high and HSBC Holdings Plc
raised its targets for Cnooc Ltd. and PetroChina Co.'s shares.
``Money is heading to commodity-related shares, pushing the
level of the overall market higher,'' said Terunobu Kinoshita,
who helps manage $785 million at Fund Creation Co. in Tokyo.
``Investors should anticipate further gains.''
Read more at Bloomberg Stocks News
oil prices traded near a two-week high and HSBC Holdings Plc
raised its targets for Cnooc Ltd. and PetroChina Co.'s shares.
``Money is heading to commodity-related shares, pushing the
level of the overall market higher,'' said Terunobu Kinoshita,
who helps manage $785 million at Fund Creation Co. in Tokyo.
``Investors should anticipate further gains.''
Read more at Bloomberg Stocks News
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