Hong Kong market extends gain

Hong Kong stock market advanced on Monday, 12 October 2015, in tandem with the rally of the US equity markets on last Friday and strong showing of the Mainland A-share market today. The benchmark index opened 155 points higher and saw its gains widen to as much as 321 points after the Shanghai market jumped more than 100 points. The Hang Seng Index advanced 272.13 points, or 1.21%, to 22730.93 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, soared 131.40 points, or 1.26%, to 10538.19 points. Turnover reduced to HK$87.2 billion from HK$93.5 billion on Friday.

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