Hang Seng ends 0.35% higher

Hong Kong share market advanced for third consecutive session on Thursday, 05 February 2015, as investors welcomed the Chinese central bank's announcement late Wednesday to lower the reserve requirement ratio (RRR) for the nation's banks by half a percentage point to stimulate lending and the broader economy. However, local market pared its gains by market close as concerns mounted over Greece's debt talks with its creditors after the European Central Bank said it would no longer accept Greek sovereign bonds as collateral. The Hang Seng Index ended up 85.73 points or 0.35% to 24765.49, off an intra-day high of 25048.26 and day low of 24642.81. Turnover rose to HK$100.17 billion from HK$87.3 billion on Wednesday.

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