HK stocks to open up 1 pct; Chalco rises

Hong Kong shares are set to rise 1.02 percent on Monday as strong export data for China in December boosts confidence in the sustained growth of the world's third-largest economy.

Shares in Aluminum Corp of China Ltd (Chalco) (2600.HK)(601600.SS), the country's top aluminum company and the world's third-largest alumina producer, were indicated 3.73 percent higher after the firm raised its alumina spot price by 7.1 percent to 3,000 yuan ($439) per tonne from Jan. 8.

The benchmark Hang Seng Index .HSI opened up 227.43 points at 22,524.18. The China Enterprises .HSCE Index of top locally listed mainland Chinese stocks rose 1.62 percent at 13,246.86. Jiangxi Copper Co Ltd (600362.SS) (0358.HK), China's top producer of the metal, gained 3.99 percent.

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