Hong Kong Market extends gain

The Hong Kong stock market ended higher on Friday, 29 January 2016, as investors continued hunting among severely beaten down shares on positive lead from offshore markets and gains in Mainland A-Shares. The Hang Seng Index (HSI) opened down 57 points at 19,138. But it then reversed its trend in tandem with the strong Shanghai market. The Bank of Japan introduced a negative interest rate policy also boosted the local sentiment. The benchmark Hang Seng Index has gained 487.28 points, or 2.54%, to 19683.11 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, added 212.78 points, or 2.65%, to 8241.36 points. Turnover increased sharply to HK$90.6 billion from HK$75.5 billion on Thursday.

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