HONG KONG (MarketWatch) -- Hong Kong shares struggled to rise Tuesday after a higher finish on Wall Street, as concerns about European debt crisis kept some banking stocks under pressure. The Hang Seng Index added 0.3% to 18,920.07, and the Hang Seng China Enterprises Index gained 0.8% to 10,308.64. Shares of mainland Chinese companies were supported in Hong Kong as the Shanghai Composite gained 0.3% to 2,233.13 after a weak opening, staying on course for a third-straight day of gains. Aluminum Corp. of China Ltd. added 2% after results from U.S. rival Alcoa Inc. , while China Construction Bank Corp. added 0.9%. Refiner China Petroleum & Chemical Corp. rose 0.8%, and China Shenhua Energy Co. added 0.1% on news their parent companies had increased their stakes in the firms. But heavyweight
HSBC Holdings PLC dropped 0.8%, and Hang Seng Bank Ltd. lost 1.3% amid lingering worries about Europe.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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