Hong Kong stocks close 1.82% higher

Hong Kong stocks went up 398.62 points, or 1.82 percent, to close on Monday at 22,261.61 points. The benchmark Hang Seng Index traded between 22,399.64 and 21, 796.9. Turnover totaled 67.15 billion HK dollars (8.66 billion U.S. dollars). The Hang Seng China Enterprises Index ended up 143.27 points, or 1.48 percent, to close at 9,827.85 points. All of the four sub-indices gained ground. The Properties and Commerce & Industry sub-indices grew 3.08 percent and 1.95 percent respectively. The Utilities and Finance rose 2.03 percent and 1.44 percent respectively. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended up 1.22 percent to 78.85 HK dollars. Its local unit Hang Seng Bank closed up 1.45 percent at 126.4 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, rose 0.77 percent to 32.9 HK dollars. China Mobile, China's dominant mobile carrier, was up 0.87 percent to 75.15 HK dollars. Tencent Inc., China's major internet service portal, gained 5.26 percent to 504 HK dollars.