Hong Kong stocks rose 0.35 percent Tuesday morning on hopes Greece and its creditors will reach a bailout reform deal, but mainland markets plunged again as investors returned from a long weekend.
The Hang Seng Index added 93.51 points to 27,174.36 on turnover of HK$ 72.05 billion (US$ 9.30 billion).
In Shanghai the composite index tumbled 2.44 percent, or 109.20 points, to 4,369.16, extending losses after a major sell-off last week.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, plummeted 3.25 percent, or 88.99 points, to 2,653.19.
Hong Kong stocks rose 0.35 percent Friday, in line with a global advance, as oil prices picked up and dealers bet on the European Central Bank unveiling a bond-buying scheme to kickstart the eurozone economy.
The benchmark Hang Seng Index added 84.42 points to 23,919.95 on turnover of HK$ 124.40 billion (US$ 16.05 billion).
In mainland China the benchmark Shanghai Composite Index slid 0.24 percent, or 8.05 points, to 3,285.41 on turnover of 458.6 billion yuan ($ 73.8 billion) after rising as much as 3.38 percent in intraday trade. The index gained 1.57 percent over the week.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.57 percent, or 8.31 points, to 1,442.84 on turnover of 225.8 billion yuan. It jumped 1.95 percent over the week.
Source : AFP