Hong Kong Stocks climb 1%

The Hong Kong stock market finished session firmly higher on Monday, 24 October 2016, on hopes of fresh reform measures from mainland leaders amid the opening of China Communist Party's sixth plenum in Beijing. Meanwhile buying was propelled up ahead to the start of the corporate earnings season. However, gains on the topside capped as comments from a Federal Reserve official boosted bets of a rate hike by year-end. The Hang Seng Index added 0.98% or 229.68 points to 23604.08, while the Hang Seng China Enterprises Index inclined 1.72% or 166.52 points to 9852.90. Turnover increased to HK$74 billion from HK$50.4 billion on Thursday. The local market closed on Friday due to a typhoon.

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