Around the World's Markets: Paris

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SHARES GAINED sharply on hopes of a US interest-rate cut today and an encouraging response to weekend apartment sales in the territory. The Hang Seng index ended up 300.10 points, or 3 per cent, at 10,298.09.

Buying interest in Hong Kong was focused on the property sector after Sino Land said that weekend apartment sales had gone well. Any change in US interest rates is usually matched by Hong Kong's banks owing to the Hong Kong currency's peg to the US dollar.