2013.08.1506:13:24UTC+00Hong Kong stocks wavy; Lenovo surge, Tencent slide

Hong Kong stocks were choppy early Thursday after a storm led to the cancellation of trade the previous day. A slew of blue-chips were in focus after reporting results, with Lenovo Group Ltd. and Li & Fung Ltd. advancing, while Tencent Holdings Ltd. plunged after its profits disappointed. The Hang Seng Index inched up 0.1% and the Hang Seng China Enterprises Index slightly 0.3% surge. Shares of personal-computer maker Lenovo skyrocketed 2.3% following a 23% profit bolster in the fiscal first quarter, while logistics firm Li & Fung spiked 8.2% as investors cheered its outlook despite a steep decline in quarterly profits. Internet major Tencent plunged 4.1% and Cathay Pacific Airways Ltd. tumbled 1.8% after profits at both companies drop short of forecasts. China's Shanghai Composite moved 0.1% higher to 2,103.46.