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Hong Kong: Stocks end up 1.20%


[HONG KONG] Hong Kong stocks rose 1.20 per cent Monday as news that Greece had proposed new reforms fanned hopes it can end a five-month standoff with creditors and unlock bailout cash to avert a default.

The benchmark Hang Seng Index added 320.32 points to close at 27,080.85 on turnover of HK$90.57 billion (S$15.6 billion).

Mainland Chinese markets were closed for a public holiday.