(Bloomberg) -- Hong Kong stocks rose. Cnooc Ltd.
climbed as 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
climbed as 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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