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HONG KONG: Hong Kong stocks surged on Friday as investors took heart from the double whammy of lower United States inflation data and Beijing announcing a slight relaxation to its hardline Covid-19 restrictions.
The Hang Seng Index closed up 7.74 percent, or 1,244.62 points, to 17,325.66 while the exchange’s China Enterprises Index, which lists major mainland companies, closed even higher, up 8.31 percent.