Around the World's Markets: HONG KONG

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HONG KONG stocks staged a strong rebound to finish sharply higher yesterday after losing ground for most of the week, but brokers said funds were likely to pull back from the market next week. The Hang Seng closed up 414.99 points or 2.67 per cent at 15,986.35.

Geoff Galbraith, DBS Securities' vice-president of institutional sales, said it was probably the market's last big day for 1999, as institutions have closed their books for the year.

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