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Monday, May 23, 2022

Hong Kong, Shanghai stocks end week with gains

Hong Kong, Shanghai stocks end week with gainsHONG KONG: Hong Kong stocks finished a painful week on a positive note Friday but investors remain on edge about a possible trade war between China and the United States.

The Hang Seng Index rose 0.15 percent, or 42.65 points, to close at 29,338.70, sinking 3.18 percent over the week.

The benchmark Shanghai Composite Index gained 0.49 percent, or 13.95 points, to 2,889.76 but it lost 4.37 percent over the week.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 1.21 percent, or 19.06 points, to 1,597.39, shedding 5.57 percent since last Friday’s close.

Copyright AFP (Agence France-Press), 2018

Source: Brecorder

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