HK stocks rise for fourth day in a row
China Daily | Updated: 2009-10-09 08:15
Hong Kong stocks rose for a fourth day, led by developers, as Goldman Sachs Group Inc recommended investors buy Sino Land Co. Aluminum Corp of China Ltd climbed after Alcoa Inc reported better-than-estimated earnings.
Sino Land, this year's best performer in Hang Seng Property Index of six companies, advanced 3.2 percent.
"Developers should do okay as hot money comes in," said Pauline Dan, Hong Kong-based chief investment officer at Samsung Investment Trust Management, which oversees $100 billion in assets, including the city's real estate stocks.
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