Predict the correct intermediate and product in the following reaction :

$${H_3}C - C \equiv CH\mathrel{\mathop{\kern0pt\longrightarrow} \limits_{HgS{O_4}}^{{H_2}O,{H_2}S{O_4}}} \mathop {Intermediate}\limits_{(A)} \to \mathop {\Pr oduct}\limits_{(B)} $$