Hong Kong stocks extend gain on upbeat offshore lead

The Hong Kong stock market advanced for second straight day on Wednesday, 2 December 2015, led by financial and property shares, as risk sentiment boosted up by positive finish of Wall Street overnight and on prospects for more monetary stimulus in China. But gains were capped by downbeat US manufacturing data which raised questions about the US economy and the pace of expected interest rate rises by the Federal Reserve. The benchmark Hang Seng Index rose 98.34 points, or 0.44%, to 22479.69 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, advanced 102.42 points, or 1.03%, to 10050.36 points. Turnover reduced to HK$79.2 billion from HK$80.5 billion on Tuesday.

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