Jan. 4 (Bloomberg) -- Hong Kong stocks fluctuated as exporters rose after U.S. manufacturing expanded, fueling optimism in a global economic recovery. Oil producers fell after crude prices retreated from a 27-month high.
Li & Fung Ltd., the biggest supplier to Wal-Mart Stores Inc., advanced 2.9 percent. Aluminum Corp. of China Ltd., the nation’s largest maker of the metal, climbed 2.1 percent after metal prices increased. Cnooc Ltd., China’s No. 1 offshore oil and gas producer, slid 0.7 percent.
The Hang Seng Index climbed 0.2 percent to 23,483.91 as of 10:13 a.m. local time, after dropping as much as 0.1 percent.
The Hang Seng China Enterprises Index of so-called H shares of Chinese companies increased 0.3 percent to 12,917.00.