Hong Kong Shares Down 0.20% at lunch

Hong Kong stocks fell 0.20 percent in the morning session Wednesday, brushing off a record close on Wall Street and despite a surge in mainland markets.

 

The Hang Seng Index dipped 55.17 points to 27,638.37 on turnover of HK$ 73.77 billion ($ 9.52 billion).

 

The benchmark Shanghai Composite Index added 1.33 percent, or 58.54 points, to 4,476.09.

 

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 2.68 percent, or 68.90 points, to 2,636.19.

 

Source: AFP

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Hong Kong Stocks Slip 0.20%, Shanghai Rallies

Hong Kong stocks eased 0.20 percent Tuesday, giving up early gains following a three-day rally, but Shanghai extended a recent rally on hopes China will unveil fresh economy-boosting measures.

The benchmark Hang Seng Index dipped 48.06 points to 23,901.49 on turnover of HK$ 80.09 billion ($ 10.33 billion).

In mainland China, the benchmark Shanghai Composite Index jumped 1.55 percent, or 53.54 points, to 3,502.85 — its highest close since May 2008 — on turnover of 601.5 billion yuan ($ 97.7 billion).

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 1.23 percent, or 21.59 points, to 1,781.78 on turnover of 497.5 billion yuan.

Source: AFP

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