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Hong Kong, Shanghai: Stocks rise at open


[HONG KONG] Shares in Hong Kong and Shanghai rallied in early trade on Friday after the head of the European Central Bank suggested it would likely unveil fresh measures to stimulate the stuttering eurozone economy before the end of the year.

The benchmark Hang Seng Index in Hong Kong climbed 1.57 per cent, or 359.37 points, to 23,204.74.

And in Shanghai, the benchmark composite index gained 0.26 per cent, or 8.81 points, to 3,377.55, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.81 per cent, or 15.90 points, to 1,975.09.