The Hong Kong stock market rose sharply on Wednesday, 16 December 2015, snapping nine-sessions losing streak, amid enhanced investor confidence after a continued rally in crude oil prices gave strength to U.S. equities overnight and the imminent U.S. interest rate decision set to remove a major uncertainty currently haunting markets. The city bourses declined for nine sessions in a row, triggering bargain hunting amid improving sentiment in global equity markets. The benchmark Hang Seng Index rebounded 426.84 points, or 2.01%, to 21701.21 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, rose 194.59 points, or 2.08%, to 9538.66 points. Turnover marginally decreased to HK$67.11 billion from HK$77.49 billion on Monday.
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