(Bloomberg) -- Hong Kong stocks rose for the third
time in four days. Cnooc Ltd. climbed after Deutsche Bank AG
boosted share-price estimates for oil producers and crude traded
near an 11-month high.
``As oil prices continue to increase, it's natural to see
more upgrades of oil companies and gains among oil companies in
the Hong Kong stock market,'' said Anthony Muh, who oversees
about $1 billion at Alliance Trust Plc in Hong Kong.
Read more at Bloomberg Stocks News
time in four days. Cnooc Ltd. climbed after Deutsche Bank AG
boosted share-price estimates for oil producers and crude traded
near an 11-month high.
``As oil prices continue to increase, it's natural to see
more upgrades of oil companies and gains among oil companies in
the Hong Kong stock market,'' said Anthony Muh, who oversees
about $1 billion at Alliance Trust Plc in Hong Kong.
Read more at Bloomberg Stocks News
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