Hong Kong, Shanghai: Stocks extend gains

[HONG KONG] Hong Kong and Shanghai stocks climbed Friday soon after opening, extending gains in New York after the Federal Reserve scaled back its expectations for raising interest rates this year.

The Hang Seng Index climbed 0.43 per cent, or 88.54 points, to 20,592.35.

In Shanghai the composite index was up 0.37 per cent, or 10.69 points, to 2,915.52 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, also rose 0.45 per cent, or 8.02 points, to 1,780.45.

AFP