Michael Kitchen, MarketWatch
Hong Kong's stock market rose in early trading Wednesday, helped by mostly strong Chinese economic data released at the session's open. The Hang Seng Index rose 1.1% to 22,501.9, while the mainland Chinese-focused Hang Seng China Enterprises Index was 0.4% higher at 12,426.9. The Chinese economic numbers showed October industrial production up 16.1%, better than the 15.5% expected by a Dow Jones Newswires survey of economists, though consumer prices fell 0.5% from a year earlier, a steeper drop than anticipated. Top advancers included HSBC Holdings PLC (HK:5 93.50, -0.50, -0.53%) (HBC 60.27, +0.17, +0.28%) , which rose 4.2% after it said overnight that its third-quarter pretax profit would be "significantly ahead" of year-earlier levels. Over on the mainland, the Shanghai Composite failed to pull into positive territory after the data release but was off earlier lows, trading down 0.3% at 3,167.36
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