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Hong Kong stocks close 0.83% higher

Hong Kong stocks advanced 0.83 percent to end at another more than 14-month high on Tuesday, tracking overnight gains on the U.S. market.
The benchmark Hang Seng Index rose 184.50 points to 22,384.96 after trading between 22,260.41 and 22,451.62. It was its highest closing level since ending at 22,514, on Aug. 4, 2008.
Total turnover went up to 74.18 billion HK dollars (about 9.58 billion U. S. dollars) from Monday\’s 60.63 billion HK dollars (about 7.8 billion U. S. dollars).
Analysts said they expected the blue-chip index to test 22,500 points later this week, driven by strength in the U.S. market.
Three of the four major categories gained ground. The properties sub-index added most at 5.79 percent, followed by the finance at 0.58 percent, the commerce and industry at 0.04 percent, while the utilities dropped 0.71 percent.
Market heavyweight HSBC Holdings was down 0.45 percent to 89.30HK dollars. Hang Seng Bank went up 0.45 percent to 111.00 HK dollars. China Mobile, the leading mobile carrier on the Chinese mainland, fell 0.69 percent to close at 78.75 HK dollars.
Local properties were among the biggest gainers. Cheung Kong surged 7.09 percent to 107.30 HK dollars. Henderson Land edged up 3.29 percent and SHK PPT jumped 7.74 percent.
As for mainland-based commercial lenders, Bank of China rose 1.34 percent to 4.54 HK dollars. ICBC gained 2.42 percent to 6.34 HK dollars. CCB moved up 1.31 percent to 6.94 HK dollars. Bank of Communications shed 0.58 percent to 10.38 HK dollars.
PetroChina and Sinopec fell 0.20 percent and 1.56 percent respectively. Offshore oil producer CNOOC gained 0.32 percent. (7.742 HK dollars = 1 U.S. dollar)