Hong Kong stocks rose on favorable earnings reports, with Chinese shares listed in the city extending a rebound after entering a bear market last week. Companies rallied as mainland manufacturing missed estimates, spurring bets the government will act to stabilize growth.
China’s stocks , trading almost 10 percent below this year’s highs, may extend declines as higher interest rates slow economic growth, according to ICBC Credit Suisse Asset Management Co. and Goldman Sachs Group Inc.
Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
China’s campaign to tame inflation has helped ease price gains in the world’s second-biggest economy although it’s too early to conclude the problem has been resolved, World Bank President Robert Zoellick said.