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(From South China Morning Post)
Byline: markets report Nichole Chan
The Hong Kong market lacked firm conviction yesterday but took cheer from a strong debut by China Netcom and the prospect of mainland migrants swelling the money flow to the local market through a liberalisation of foreign exchange controls.
In what traders described as a technical rebound from Tuesday's heavy sell-off, the Hang Seng Index gained 0.57 per cent or 78.9 points to 13,824.98, while the H-share index rose 0.65 per cent or 31.45 points to 4,849.99.
Activity remained brisk with $20.98 million worth of shares changing hands.
"The focus of the day remained on debut trade of China Netcom. Other …