Hong Kong Stocks Up 0,12% at Open

Hong Kong shares edged up 0.12 percent in the first few minutes of trade Thursday after the head of the Federal Reserve suggested US interest rates would begin to rise by the year’s end, but at a slow pace.

The Hang Seng Index added 32.74 points to 26,786.53.

But the benchmark Shanghai Composite Index dropped 0.71 percent, or 35.51 points, to 4,932.39.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 0.14 percent, or 4.13 points, to 3,025.53.

Source : AFP

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