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Around the World's Markets: Hong Kong

Tuesday 07 December 1999 00:02 GMT
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HONG KONG blue chip stocks raced on Monday to their first close above 16,000 points since 15 August, 1997, on foreign fund inflows, Friday's Wall Street rally and catch-up buying of laggard property counters.

The Hang Seng Index finished up 328.21 points, or 2.07 per cent, at 16,168.62.

"The reality is that there is a lot of money coming in and this money needs to be parked into stocks," said one analyst.

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