HK stocks up 1.1 pct by midday, fund flows propel Esprit, HSBC

Newswire

HONG KONG, April 26 (Reuters) - Hong Kong stocks rose 1 percent to their highest intraday levels in 6 weeks by midday on Tuesday, with property and banking stocks tapping multi-week highs as funds poured into the shares on speculation that the yuan may be revalued. "It was quite quiet early on, then suddenly there was a flood of buying orders. It's the inflow of hot money," said Francis Lun, general manager at Fulbright Securities. Talk of a yuan revaluation has pushed the dollar lower ...

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