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Hong Kong, China stocks lifted by rate cut


[HONG KONG] Shares in Hong Kong and mainland China rose on Monday morning after Beijing cut interest rates for the third time since November, while traders were also cheered by a strong US jobs report.

Hong Kong's Hang Seng index rose 259.70 points to 27,837.04 shortly after the opening bell.

The benchmark Shanghai Composite Index rose 0.60 per cent, or 25.35 points, to 4,231.27.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 1.28 per cent, or 29.11 points, to 2,301.28.