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Hong Kong: Shares rally on Fed rate hopes

A man walks past a panel displaying figures of China stock indexes and Hang Seng Index at the financial Central district in Hong Kong, China in this Sept 2, 2015 file photo.

[HONG KONG] Hong Kong stocks rallied more than one per cent in the first few minutes of trade on Thursday after another weak batch of US data reinforced hopes the Federal Reserve will delay raising interest rates until next year.

The benchmark Hang Seng Index in Hong Kong added 1.01 per cent, or 227.51 points, to 22,667.42.

However, Shanghai's benchmark composite index slid 0.23 per cent, or 7.41 points, to 3,255.03, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.46 per cent, or 8.72 points, to 1,875.44.


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