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Thursday, August 11, 2022

Hong Kong, Shanghai up as Fed holds rates

Hong Kong, Shanghai up as Fed holds ratesHONG KONG: Hong Kong and Shanghai stocks ended the morning session higher Friday, in line with a rally in most Asian markets, after the Federal Reserve held off an interest rate hike.

The Hang Seng Index added 0.42 percent, or 92.10 points, to 21,946.73 by the break.

And Shanghai’s composite index added 0.40 percent, or 12.22 points, to 3,098.28.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 0.51 percent, or 8.54 points, to 1,666.96.

Copyright AFP (Agence France-Presse), 2015

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