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World Markets: Hong Kong
Independent, The (London), May 20, 2005
Shares ended higher a day after the government adjusted the Hong Kong dollar's 22-year peg to the US dollar. The Hang Seng rose 0.5 per cent to 13,698.93. Early gains were pared in the afternoon session after HSBC, the city's largest lender, hiked prime rates by 50 basis points to 5.75 per cent, a move that was quickly followed by other banks.
Copyright 2005 Independent Newspapers UK Limited
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