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Xinhua 25 index leads HK higher

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cash_4 April 3, 2012 (Chinavestor) Looking at Chinese stocks in Asia, the Shanghai Stock Exchange remained closed due to holiday schedule but stocks advanced in Hong Kong on Tuesday. The Hang Seng Index (INDEXHANGSENG:.HSI) rose 268.7 points or 1.3% breaking a five day loosing streak. Mainland Chinese stocks led the advance as is evidenced by the supers performance of components of the Xinhua 25 Index. All but one stock, China Mobile (HKG:0941) rose from the index, boding well for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI) ahead the NYSE open.

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