Hong Kong: Stocks climb as oil kicks higher

[HONG KONG] Hong Kong and Shanghai stocks bounced back in line with a global rally Tuesday, lifted by hopes for the world economy and as oil prices rallied on the back of a crude workers strike in key producer Kuwait.

Hong Kong's Hang Seng Index rose 1.30 per cent, or 274.71 points, to close at 21,436.21.

The benchmark Shanghai Composite Index rose 0.30 per cent, or 9.16 points, to 3,042.82 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.30 per cent, or 5.79 points, to 1,958.20.

AFP