Jan 3 Hong Kong stocks advanced on the year's
first trading day on Tuesday, with optimism stemming from
China's solid manufacturing surveys offseting the negative
impact of a strong U.S. dollar.
The Hang Seng index rose for a fourth straight
trading session, up 0.7 percent to 22,150.40 points. The China
Enterprises Index gained 0.7 percent, to 9,459.55
Investor confidence was lifted after a private business
survey showing China's factory activity picked up more than
expected in December as demand accelerated.
But gains in the city were capped by concern over a rising
U.S. currency, which makes emerging markets less attractive.
The dollar index, a measure of the greenback's value
against six major currencies, resumed its climb on Tuesday after
a three-week winning streak was snapped last week.
Most sectors in Hong Kong rose, with property stocks
leading the gains, up 2 percent at the close.
(Reporting by Jackie Cai and John Ruwitch; Editing by Richard