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Hong Kong stocks open on positive note

Jul 11 2019 09:03

Hong Kong stocks started with gains on Thursday as investors welcomed a dovish testimony by Federal Reserve boss Jerome Powell that reinforced hopes for an interest rate cut.

The Hang Seng Index rose 0.51% to 28 347.86.

The benchmark Shanghai Composite Index rose 0.44% to 2 928.06, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.51% to 1 558.84.

equities  |  markets  |  china stocks
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