Hong Kong Stocks End 1.39% Higher

Hong Kong stocks jumped 1.39 percent Friday following a second successive rally on Wall Street and in line with another pick-up in Shanghai as traders bet on further measures to kickstart the Chinese economy.

The benchmark Hang Seng Index added 372.69 points to close at 27,280.54 on turnover of HK$ 131.53 billion (US$ 16.97 billion).

In mainland China the benchmark Shanghai Composite Index added 0.87 percent, or 44.76 points, to 5,166.35 on turnover of 1.1 trillion yuan ($ 179.8 billion). The market gained 2.85 percent over the week.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 1.28 percent, or 39.72 points, to 3,140.66 on turnover of 904.8 billion yuan. It advanced 2.91 percent for the week.

Source: AFP


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