Hong Kong stocks up 1.25 percent at lunch

HONG KONG–Hong Kong shares jumped 1.25 percent on Friday morning as President Barack Obama and Republicans held talks to end a budget stand-off that threatens to plunge the US into default.

The benchmark Hang Seng Index rose 287.76 points to 23,239.06 by lunch on turnover of HK$32.93 billion (US$4.25 billion)

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