Hong Kong stocks extend weekly rally

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Hong Kong - Hong Kong stocks rose, extending their best weekly gain since September, as China Shenhua Energy jumped after announcing a special dividend.

The Hang Seng Index added 0.8% to 24 501.99, its highest close since August 2015. Shenhua posted its biggest gain since 2008. China Mobile and Tencent, which are both scheduled to report earnings this week, rose at least 2.7%. The Shanghai Composite Index advanced 0.4% at the close, after falling on Friday by the most this year.

Hong Kong is entering its peak season for earnings releases, with more than 275 companies announcing their financial results this week, including heavyweights Tencent and Cnooc.

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USD/ZAR
14.06
+0.1%
GBP/ZAR
19.72
+0.3%
EUR/ZAR
17.13
+0.2%
AUD/ZAR
11.05
+0.2%
JPY/ZAR
0.13
+0.1%
Gold
1,831.32
0.0%
Silver
27.45
0.0%
Palladium
2,929.64
0.0%
Platinum
1,256.50
0.0%
Brent Crude
68.28
+0.3%
Top 40
62,573
+1.4%
All Share
68,520
+1.4%
Resource 10
71,474
+2.1%
Industrial 25
86,856
+0.9%
Financial 15
12,711
+1.1%
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