Hong Kong Stocks hit 1-month high

The Hong Kong stock market closed higher for fourth consecutive session on Tuesday, 10 January 2017, after data showed China's producer prices surged the most in over five years, suggesting a better outlook for industrial profits. Most sectors were up, exception being telecommunications and energy which down as investors took out profits after recent rally.The Hang Seng Index gained 0.8% or 186.16 points to close at 22,744.85, the best settlement level since December 9. The Hang Seng China Enterprises index, or the H-share index, added 0.6% or 61.87 points to 9,664.19. Turnover increased to HK$62.3 billion from HK$51.5 billion on Monday.

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