Hong Kong shares extended gains by more than 3.5 percent in late afternoon trade on Thursday as financial stocks bulked on hopes for a recovery in profits after last year's disappointing performance.Shares in Ping An Insurance (2318.HK), the world's second-largest insurer by market value, vaulted 8.1 percent to HK $ 52.60 as investors shrugged his weak fourth quarter and instead focused on his optimistic outlook the 2009th
The benchmark Hang Seng Index. HSI rose 3.1 percent to 14,924.15 by 0642 GMT, from a 6.9 percent rally in HSBC (0005.HK)
The China Enterprises Index. HSCE was 3.3 percent higher at 8832.05.
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