Hong Kong Stocks Close 0.38% Down

Hong Kong stocks ended 0.38 percent lower on Thursday, brushing off a positive lead from Wall Street, while Shanghai closed higher at the end of a volatile day of trading.

The benchmark Hang Seng Index slipped 105.58 points to close at 27,551.89 on turnover of HK$ 195.23 billion (US$ 25.19 billion).

In mainland the benchmark Shanghai Composite Index added 0.76 percent, or 37.12 points, to 4,947.10 — the highest since January 2008 — on turnover of 1.1 trillion yuan ($ 179.8 billion). The market reversed earlier losses that saw it plunge as much as 5.35 percent.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.58 percent, or 17.71 points, to 3,023.70 on turnover of 933.8 billion yuan.

Source: AFP

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Hong Kong Stocks Close Down 0.38%

Hong Kong stocks ended 0.38 percent lower Friday as investors booked profits from a two-day rally, while Shanghai added almost one percent to a near seven year-high on hopes for fresh Chinese stimulus measures.

The benchmark Hang Seng Index lost 93.65 points to 24,375.24 on turnover of HK$ 116.12 billion ($ 14.98 billion).

In mainland China, the benchmark Shanghai Composite Index rose 0.98 percent, or 35.05 points, to 3,617.32 on turnover of 651.8 billion yuan ($ 106.0 billion).

The market has now risen more than nine percent in an eight-session winning streak and is now at its highest level since Mid-May 2008.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 1.37 percent, or 25.08 points, to 1,852.94 on turnover of 494.7 billion yuan.

Source: AFP

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