Hong Kong, Shanghai: Stocks open higher


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HONG KONG Shares rallied in Hong Kong Tuesday morning after a top Federal Reserve official tempered comments from two colleagues on the possibility of a US rate hike this month.

The Hang Seng Index added 1.17 per cent, or 273.53 points, to 23,564.13.

And the benchmark Shanghai Composite Index added 0.10 per cent, or 3.05 points, to 3,025.03 while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 0.54 per cent, or 10.71 points, to 1,987.77.

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