Sept. 29 （Bloomberg） -- Hong Kong stocks rose, sending the Hang Seng Index to its highest level in more than eight months, as mining stocks climbed on metal prices, and as developers advanced ahead of two residential land auctions today.
Jiangxi Copper Co., China’s No. 1 producer of the metal, jumped 4.2 percent, and Aluminum Corp. of China Ltd., the nation’s biggest producer of the lightweight metal, surged 4.1 percent, the biggest gain on the Hang Seng Index. Henderson Land Development Co., the builder controlled by billionaire Lee Shau- kee, rose 2.4 percent, and Sino Land Co., controlled by billionaire Robert Ng, increased 1.3 percent.
The Hang Seng Index rose 1.1 percent to 22,359.43 as of 10:24 a.m. local time, headed for the highest close since Jan. 11. About six stocks advanced for each one that fell on the 45- member gauge. The Hang Seng China Enterprises Index of so-called H shares of Chinese companies climbed 1.8 percent to 12,404.70.
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