HONG KONG Oct 3 Hong Kong stocks rose more than
1 percent on Monday, lifted by casino shares such as Galaxy
Entertainment Group, after the world's biggest casino
hub of Macau posted a better than expected rise in gambling
revenue in September.
The benchmark Hang Seng Index rose more than 1
percent to 23,582.84 in early afternoon trade, rebounding from a
1.9 percent drop on Friday when global markets were rocked by
worries about Deutsche Bank's financial health.
The China Enterprises Index gained 1 percent to
9691.18, putting Hong Kong shares on a solid footing at the
start of the fourth quarter.
Some investors took to the sidelines, with China markets
closed for the National Day holiday all week.
Activity in China's manufacturing sector expanded again in
September, an official survey showed on Saturday, which may
indicate that recent positive momentum can be sustained.
Galaxy Entertainment was among the top gainers in Hong Kong,
rising more than 2 percent as gambling revenue in Macau rose for
a second month after a two-year decline.
Shares of casino stocks SJM Holdings climbed
nearly 2 percent, while MGM China rose 2.8 percent and
Sands China gained 1.2 percent.
(Reporting By Anne Marie Roantree; Editing by Shri Navaratnam)