Hong Kong Market rises for first time in seven days

The Hong Kong stock market ended higher or the first time in seven straight days on Tuesday, 1 December 2015, as investor sentiment boosted up on reinforcing talk that the Chinese government will loosen monetary policy to boost the economy after data showed China's manufacturing slipped to the weakest level in more than three years. Meanwhile, buying momentum spirited and as IMF inclusion of the yuan in its basket of major currencies raised confidence in China's progress toward financial liberalization. The benchmark Hang Seng Index spurted 384.93 points, or 1.75%, to 22381.35 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, advanced 157.30 points, or 1.61%, to 9947.94 points. Turnover declined to HK$80.53 billion from HK$100.7 billion on Monday.

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