2013.05.1401:07:27UTC+00Hong Kong stocks surge on financials; Rusal pushes forward

Hong Kong stocks bounced back Tuesday after a surge in U.S. retail sales helped support equities on Wall Street, with banks and insurance shares among the advancers. The Hang Seng Index bolstered 0.6% to 23,137.41 after retreating 1.4% in the previous session, and the Hang Seng China Enterprises Index up 0.6% to 11,177.32. Shares of Bank of Communications Co. boost 1% and Bank of China Ltd. acquired a 1.3% increase, while Ping An Insurance Group Co. jumped 1.2%. United Co. Rusal PLC upturn 2.6% after the world’s biggest aluminum producer reported a narrower first-quarter loss. China’s Shanghai Composite drop 0.2%.