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Nikkei Markets

Hong Kong shares follow US stocks higher on stimulus hopes

Li Ning surges after 2019 profit more than doubles

HONG KONG (Nikkei Markets) -- Hong Kong shares headed higher on Friday following overnight gains on Wall Street, as investors kept hopes pinned on fiscal and monetary support from authorities even as the coronavirus pandemic continued to wreak havoc across global economies.

The Hang Seng Index added 1.2% to 23,634.14 by noon. Industrial & Commercial Bank of China and Bank of China (BOC) rose 1.4% each, while China Construction Bank advanced 1%. All three lenders are due to report annual results later on Friday.

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