Hong Kong Hang Seng gains 0.7%

The Hong Kong stock market ended first session of penultimate week of the year, Monday, 18 December 2017, on taking a positive lead from record highs on Wall Street last Friday amid hopes for the passage of a key U.S. tax reform bill. City's stocks also benefited from surge in city's stock exchange operator the most in four weeks on optimism that its revision of listing rules will attract more blockbuster IPOs to the city. The Hang Seng Index climbed 0.7%, or 202.30 points, to 29,050.41 at the close. The Hang Seng China Enterprises Index, or the H-share gauge, advanced 0.4% to 11,415. Turnover decreased to HK$92.1 billion from HK$126.5 billion on Friday.

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