Market Open:Hong Kong stocks seen higher as China manufacturing rises

Hong Kong stocks may open higher after data showed that manufacturing rose further in November month-on-month, adding another proof that the Chinese economy is bottoming out.

The November Purchasing Managers Index released by China's statistic bureau rose to 50.6 from 50.2 in October. "We expect improving fundamentals including rising PMI and earnings growth to support prices of China-related stocks, commodities and currencies," Lu Ting, Bank of America-Merrill Lynch economist, said in a note to clients.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1096283/market-openhong-kong-stocks-seen-higher-china