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Hong Kong stocks open 1.18% higher

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API, DSH, FLT, NAB, STO, WPL,

HONG KONG, Jan 2 AFP

January 02 2013, 1:49PM

Hong Kong stocks have opened 1.18 per cent higher as the US congress looked set to back a deal to avert the fiscal cliff of drastic tax raises and spending cuts.

The benchmark Hang Seng Index on Wednesday was 267.00 points higher at 22,923.92 in early trade.