HKEx Soars With Brokers on Optimism About Influx of China Cash
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Hong Kong’s exchange operator headed for a record close and brokerages surged on optimism that policy changes in China will spur inflows into the city’s equities.
Hong Kong Exchanges & Clearing Ltd. jumped 4.5 percent as of 10:43 a.m. local time. Brokerages Guotai Junan International Holdings Ltd. and Haitong International Securities Group Ltd. climbed at least 4.5 percent, outpacing the benchmark Hang Seng Index’s 1.4 percent advance.