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Hong Kong, Shanghai: Stocks build on gains

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[HONG KONG] Hong Kong and Shanghai stocks jumped on Monday, extending last week's rally after leading central banks around the world pledged support for financial markets following Britain's shock decision to leave the European Union.

The Hang Seng Index rose 1.27 per cent, or 264.83 points, to close at 21,059.2.

The benchmark Shanghai Composite Index added 1.91 per cent, or 56.12 points, to 2,988.60 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.57 per cent, or 30.97 points, to 2,001.69.