HK Hot Stocks-Financials lead, airine stocks soar

HONG KONG, July 9 (Reuters) - At 0323 GMT, the Hang Seng Index .HSI was up 2.9 percent at 21,843.36 in an across-the-board rally spurred by favourable comments by the chairman of the U.S. Federal Reserve and falling oil prices.

The China Enterprises Index .HSCE of top locally listed Chinese firms jumped 5.1 percent, led by financials.

Here are some of the stocks on the move.

* Index heavyweight HSBC Holdings (0005.HK: Quote, Profile, Research) led gains with a 2.9 percent rally after falling 2.4 percent on Tuesday as investors fretted about further write-downs at major banks. On Tuesday, Fed Chairman Ben Bernanke said the U.S. central bank might extend emergency lending facilities for big Wall Street banks past year-end, calming worries in the global credit markets.

* Chinese banks surged as investors cheered positive first-half earnings estimates from three lenders over the past few days. Lenders snapped their rally on Tuesday, falling in line with the braod market. Banks also gained after analysts said the selling in banking shares had been overdone.

China's biggest bank, ICBC (1398.HK: Quote, Profile, Research), jumped 4.7 percent. China Construction Bank (0939.HK: Quote, Profile, Research), the most heavily weighted mainland bank on the Hang Seng Index, surged 5.9 percent and Bank of Communications (3328.HK: Quote, Profile, Research) advanced 6.5 percent.

* China Life (2628.HK: Quote, Profile, Research) shot up 6.6 percent, tracking a 3.5 percent rally on the Shanghai bourse. Smaller rival Ping An (2318.HK: Quote, Profile, Research) gained 6.1 percent.

* Air China (0753.HK: Quote, Profile, Research) soared 8.7 percent while rival China Southern Airlines (1055.HK: Quote, Profile, Research) jumped 9 percent on a $10 per barrel pullback in crude oil prices this week and recent fuel surcharge hikes on international routes.

Hong Kong's leading airline, Cathay Pacific Airways (0293.HK: Quote, Profile, Research), rose 6.8 percent on retreating oil prices.