Hong Kong Market joins global rally

The Hong Kong stock market rebounded on Friday, 22 January 2016, following gains in Wall Street overnight and regional bourses today, on dovish comments from Mario Draghi, head of the European Central Bank, and rebounding oil prices. All major sectors bounced, with materials and resources and oil producers being major gainers. The benchmark Hang Seng Index has gained 538.36 points, or 2.9%, to 19080.51 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, added 269.34 points, or 3.44%, to 8104.98 points. Turnover reduced slightly to HK$89.9 billion from HK$96.5 billion on Thursday.

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