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Hong Kong Shares Up As China Mobile Advances

Fox Business Wednesday 15th January, 2014

HONG KONG – Hong Kong stocks rose early Thursday, as China Mobile Ltd. shined on news of iPhone pre-orders hitting 1 million units. The Hang Seng Index added 0.6% to 23,032.09. Market heavyweight China Mobile rallied 0.9%, as the world's largest mobile carrier said it has received more than 1 million pre-orders for the iPhone before it goes on sale in the carrier's stores on Friday, at a time when Apple Inc. Chief Executive Tim Cook visited Beijing for future cooperation between the two giants. Telecom equipment shares also advanced, with ZTE Corp. rising 1.2%. Meanwhile, China Mobile's ...


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