Hong Kong Stocks closed higher

The Hong Kong stock market closed tad above the boundary line on Monday, 21 March 2016, on the back of gains in brokerage stocks after Chinese authorities signaled a resumption of a portion of its short-term lending business and cut borrowing costs for brokerages. The benchmark Hang Seng Index added 12.52 points, or 0.06%, to 2068415 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 45.64 points, or 0.51%, to 8928.65 points. Turnover reduced to HK$80.12 billion from HK$92.8 billion on Friday.

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