HONG KONG (MarketWatch) -- Hong Kong stocks posted modest gains early Wednesday, tracking higher a positive lead from U.S. and other regional markets amid optimism over the fiscal cliff negotiations. The Hang Seng Index rose 0.4% to 22,589.50 and the Hang Seng China Enterprises Index rose 0.6% to 11,371.02. Shares of heavyweight HSBC
Holdings PLC climbed 0.7%, while China Construction Bank Corp. added 1.3% and China Shenhua Energy Co. rose 2%. On the downside, Esprit
Holdings Ltd. tumbled 4.8% after issuing a profit warning. The Shanghai Composite was a tad weaker at 2,161.93 in choppy session after rising for three straight sessions.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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