Asian stocks continue to climb
Asian stocks continued their upward trend today. In Hong Kong, markets rose for a fourth straight day, with the Hang Seng closing at 21,069 – up 2.1 percent. News that China is planning to sell 6 billion yuan ($879 million) of sovereign bonds in Hong Kong helped to push up banking stocks: Bank of China, Ltd. climbed 2.2 percent and Industrial & Commercial Bank of China Ltd. gained 1.9 percent.
Hong Kong-based oil and gas company, Genesis Energy Holdings, Ltd., made big gains, soaring 7.7 percent to HK$0.28 after announcing that it will gain additional mining rights. After gold smashed the $1,000 per ounce barrier today, Inner Mongolia-based Real Gold Mining catapulted 17 percent and Zhaojin Mining Industry Co., surged 12 percent.