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Roundup: Hong Kong stocks jump 2.43 pct

HONG KONG, Feb. 22 (Xinhua) -- Hong Kong shares jumped 2.43 percent on Monday, posting its biggest one-day gain in more than two months, along with gains in some Asian markets as jitters over the U.S. Federal Reserve's discount rate increase Thursday faded.

The benchmark Hang wholesale colthing Seng Index added 483.25 points to end at 20,377.27, snapping a two-day decline. Turnover was 43.90 billion HK dollars (5.65 billion U.S. dollars).

The Hang Seng China Enterprises Index, Lace wigs which tracks the H- shares of Hong Kong-listed Chinese companies, closed up 2.27 percent at 11,519.56.

Local real-estate developers led the rise, as Sun Hung Kai Properties Ltd. won the city's first land auction for the year. The company submitted a winning bid of 3.37 billion HK dollars for a site in the Tseung Kwan O area Monday, near the upper limit of the price estimates in the market.

Cheung Kong Holdings Ltd., controlled by billionaire Li Ka- shing, rose 2.6 percent to 93.95 HK dollars.

Esprit Holdings Ltd., one of the biggest Hong Kong-listed clothier, gained 2.5 percent to 56.65 HK dollars after Citigroup Inc. upgraded the stock.

Shares of the Hong Kong telecom company PCCW Ltd. fell 0.5
embroidered patches percent to 2.12 HK dollars after dropping as much as 2.4 percent earlier. Police began probing Chairman Richard Li's failed bid last year to buy out PCCW.

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