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Hong Kong index rises 1.9 percent, led by property stocks on tax rebate hopes

Hong Kong index rises 1.9 percent, led by property stocks on tax rebate hopes

Hong Kong's benchmark index advanced Tuesday, led by property stocks on expectations of new government tax concessions and more interest rate cuts.
The blue chip Hang Seng Index rose 445.61 points, or 1.9 percent, to 23,714.75.
Analysts said the benchmark index is not likely to rise substantially in the near future, as the continued volatility in global markets keeps many investors on the sidelines. The index is still down 15 percent since the beginning of the year.
Turnover totaled HK$68.68 billion (US$8.81 billion;


Updated : 2021-05-12 23:59 GMT+08:00