HONG KONG: The Hong Kong stock market rose the most in a month on Thursday on hopes that global central banks, including China's, will ramp up policy easing to offset economic pressure from the coronavirus outbreak.
At the close of trade, the Hang Seng index was up 2.1% at 26,767.87, near its highest level since last Thursday touched during the session.
The sub-index of the Hang Seng tracking energy shares rose 1.2%, the IT sector rallied 2.8%, the financial sector ended 1.9% higher and the property sector gained 1.5%. Hong Kong's monetary policy moves lock-step with the United States because of its currency peg with the greenback. Some of the city's interbank rates hit 2018 lows this week.
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