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Wednesday, May 25, 2022

Hong Kong stocks end week with five straight gains

Hong Kong stocks end week with five straight gainsHong Kong: Hong Kong stocks clocked up five straight days of gains on Friday as investors tracked another positive lead from Wall Street after a soft inflation reading soothed concerns about rising US interest rates.

The Hang Seng Index rose 1.02 percent or 312.84 points to close at 31,122.06.

The benchmark Shanghai Composite Index lost 0.35 percent, or 11.15 points, to 3,163.26 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 1.02 percent, or 18.90 points, to 1,825.14.

Copyright APP (Associated Press of Pakistan), 2018

Source: Brecorder

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