(Associated Press via NewsEdge)Hong Kong shares rose, led by heavyweight China Mobile and property stocks ahead of the government's land auction.
The blue chip Hang Seng Index rose 307.54 points, or 1.6%, to finish at 19,442.42.
China Mobile rose 4.3% to HK$69.9 ($8.9). Traders said the stock, which lost 6% last week, is recovering from the decline caused by portfolio reshuffle by some index-tracking funds.
The weighting of China's largest mobile operator has been reduced to 16% from 21% in Hang Seng Index after the inclusion of China Life and Industrial & Commercial Bank of China into the benchmark index starting Monday.
'I think investors like China Mobile more. Its earnings upside can be more spectacular due to the growth in suburban mobile users,' said Kitty Chan, a director of Cash Asset Management.
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