19.04.201301:42:28UTC+00Hong Kong stocks bolster, with Lenovo as primary mover

Hong Kong stocks skyrocketed in early trading Friday action, with the move coming after five consecutive sessions of drops. The Hang Seng Index surge 49 points, or 0.2%, to 21,559.70. Shares of Lenovo Group Ltd. boosted 2.5% in the wake of reports that the company is in talks to buy International Business Machines computer server business. Lenovo stated that it's in preliminary talks about a potential acquisition, but didn't name the entity with which it's in discussions. Meanwhile, shares of China Mobile Ltd. inch up with 0.1%. The market heavyweight announced it has to buy a 12% stake in Taiwan's Far EasTone Telecommunications Co., saying some "conditions" for the deal hadn't been met. The Shanghai Composite improves 1% to 2,219.02.