China, Hong Kong shares gain on upbeat results

Shares in Hong Kong/Shanghai bounced on Friday as solid earnings from top Chinese lenders pushed banks up, while China's remark about stricking to its loose monetary policy lifted overall sentiment.

China's key stock index rose 1.2% on Friday and posted a 7.8% gain for october boosted by solid earnings and an upbeat economic outlook.

The benchmark Hang Seng Index rose 2.29% its biggest one-day gain in six weeks. For the week the index was donw 3.7%, its biggest weely drop sine Jute, but for the month of index was up 3.8%, its second montlhy gain Industrial & Commercial Bank of China advanced 3.45%, while Bank of China gained 5.77% after both reported a jump in quarterly prifit.