Hong Kong Shares End 1.25% Higher

Hong Kong stocks climbed 1.25 percent Friday, ending the week with a flourish after another strong rally on Wall Street, while Shanghai ended at a new four-year high.

The benchmark Hang Seng Index added 284.42 points to 23,116.63 on turnover of HK$ 95.71 billion (US$ 12.35 billion).

In mainland China the benchmark Shanghai Composite Index jumped 1.67 percent, or 51.08 points, to 3,108.60 — its highest since November 2010 — on turnover of 515.6 billion yuan ($ 84.2 billion). The index rose 5.80 percent over the week.

But the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 1.26 percent, or 18.67 points, to 1,465.59 on turnover of 269.7 billion yuan. It slipped 0.96 percent for the week.

Source: AFP