Hong Kong: Shares rise on Wall Street's gain, higher oil prices

[HONG KONG] Hong Kong stocks rose on Tuesday, encouraged by upbeat US and Asian markets as well as by higher oil prices.

The Hang Seng index closed up 1.2 per cent at 20,118.80, while the Hong Kong China Enterprises Index closed up 1.4 per cent at 8,425.78.

Investors took cues from sharp gains on Wall Street on Monday, which was partly fuelled by a jump in Apple shares.

Energy shares jumped after oil prices hit six-month highs as the market focused on supply disruptions.

REUTERS