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Hong Kong stocks rally driven by strong fund inflows from mainland China

Hong Kong stocks rallied for a fifth consecutive day, lifting the benchmark Hang Seng index closest the 30,000 level since May 2019 amid a strong inflow of Chinese mainland funds.

The Hang Seng Index closed 1.1 per cent higher at a 20-month high of 29,962.47. The gauge earlier reached 29,993.47, taking it to less than 0.1 per cent lower than the psychologically important level of 30,000 last seen . . .

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