Markets

Hong Kong stocks end sharply higher

Published November 22, 2016 Updated November 22, 2016 11:19am

1 min

By Shoaib Ur Rehman

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HONG KONG: Hong Kong stocks soared Tuesday, tracking a rally across Asia and in New York, with energy firms the big winners as oil prices were boosted by hopes of a deal to cut production.

The Hang Seng index rose 1.43 percent, or 320.29 points, to close at 22,678.07.

The benchmark Shanghai Composite Index rose 0.94 percent or 30.20 points, to 3,248.35. The Shenzhen Composite Index, which tracks stocks on China's second exchange, increased 0.89 percent, or 18.94 points, to 2,137.88.

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