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Hong Kong, Tokyo stocks up

Updated

By Agence France-Presse

Hong Kong stocks jumped 1.2% in the afternoon on November 1, 2016, having retreated almost 3% in a five-day sell-off (AFP Photo/Anthony Wallace) / MANILA BULLETIN

Hong Kong stocks (AFP Photo/Anthony Wallace) / MANILA BULLETIN File Photo

Hong Kong stocks pressed higher Friday morning, extending the previous day’s one percent rally, following a surge on Wall Street after the US treasury secretary said a plan to overhaul US taxes would be presented soon.

The Hang Seng Index opened up 0.36 percent, or 86.06 points, to 24,143.04.

Meantime, Tokyo shares opened higher Friday, buoyed by fresh hopes for US tax cuts and comments from Japan’s top central banker that monetary easing would be in place for some time.

The benchmark Nikkei 225 rose 0.83 percent, or 153.89 points, to 18,584.38 in early trading, while the Topix index of all first-section issues rose 0.84 percent, or 12.38 points, to 1,485.19.

But the benchmark Shanghai Composite Index edged down 0.06 percent, or 1.81 points, to 3,170.29, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, was marginally lower, dipping 0.36 points to 1,928.42.

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