Oil Futures Pull Back As Weekly Stockpiles Surge

By Amwal Al Ghad English On Apr 3, 2013

Hong Kong stocks gained ground early Wednesday, with exporters climbing after the Dow industrials and S&P 500 both closed at record highs overnight in the U.S. The Hang Seng Index advanced 0.3% to 22,438.88 in opening moves, while the Hang Seng China Enterprises Index traded 0.2% higher, and over on the Chinese mainland, the Shanghai Composite also rose 0.2%. Globally exposed names were among the leading gainers, with Lenovo Group Ltd. adding 1.7%, Esprit Holdings Ltd. up 0.6%, and Foxconn International Holdings Ltd. higher by 1.1%.

Casino shares were mixed after Tuesday data showing Macau gambling revenue hit a record high in March, with MGM China Holdings Ltd. rallying 2.4%, and Galaxy Entertainment Corp. up 0.8%, but Sands China Ltd. falling 0.6% and Wynn Macau Ltd. losing 0.2%.

Marketwatch