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Hong Kong, China stocks surge as investors bet on quick end to virus outbreak

  • Worst of coronavirus impact may be over, Jefferies says, offering bottom fishing opportunities
  • Death toll due to novel virus tops 560; Hong Kong to impose two-week quarantine on those coming in from mainland 
     

Topic |   Stocks Blog
Medical staff transfer patients to the newly completed Huoshenshan temporary field hospital in Wuhan, Hubei province, China on February 4, 2020. Photo: EPA-EFE/CHINA OUT
INTRODUCTION

Good day, traders --

It was a good day to be holding stocks in Hong Kong and mainland China. The Shanghai Composite Index rose 1.7 per cent, while the Hang Seng Index shot up 2.6 per cent, extending gains into a fifth day.

Catch up on the day's action below.

-- Zhang Shidong in Shanghai and Deb Price in Hong Kong 

 

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