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Hong Kong: Stocks end 1.33% higher


[HONG KONG] Hong Kong stocks jumped 1.33 per cent on Monday, tracking a rally in Shanghai and another record close on Wall Street, with investors betting on further economic stimulus measures by China's leaders.

The benchmark Hang Seng Index added 372.61 points to 28,433.59. Turnover was HK$190.87 billion (US$24.63 billion).

In mainland China the benchmark Shanghai Composite Index surged 3.04 per cent, or 133.71 points, to 4,527.40 - its highest close since Feb 2008 - on turnover of 975.2 billion yuan (US$159.3 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.66 per cent, or 14.92 points, to 2,271.28 on turnover of 636.5 billion yuan.