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Hong Kong: Stocks end almost 3% higher

Hong Kong stocks rallied Friday, ending a volatile month on a high, after Japan announced a surprise negative interest rate policy, effectively charging banks to store their cash in a bid to kickstart lending in the country.

[HONG KONG] Hong Kong stocks ended the week with a bang on Friday, surging almost three per cent on hopes for fresh stimulus measures from Japan and the eurozone, while energy firms were boosted by a rally in oil prices.

The Hang Seng Index soared 2.90 per cent, or 538.36 points, to 19,080.51.

In Shanghai, the benchmark composite index rose 1.25 per cent, or 36.08 points, to 2,916.56 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.46 per cent, or 26.35 points, to 1,827.34.