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LOS ANGELES (MarketWatch) -- Hong Kong stocks gained in early Thursday trading, with support from financials, which benefited from a rally by their peers elsewhere in Asia and on Wall Street overnight. In the early minutes, the benchmark Hang Seng Index was 1.1% higher at 21,987.4, while the mainland-China-focused Hang Seng China Enterprises Index gained 1.2% to 12,630.6. Advancers included Bank of China Ltd. , up 1.5%, and HSBC Holdings Plc. rising 0.9%. China Mobile Ltd. , seen as a defensive play if Beijing tightens policy further, extended its Wednesday gains to rise 2.4%. Lenovo Group Ltd. added 4.2% after reports of rising PC shipments worldwide. The Hong Kong rally outpaced a 0.5% rise in the Shanghai Composite, which traded at 3,187.7.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

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