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Hong Kong, Shanghai: Stocks higher as Fed holds rates
[HONG KONG] Hong Kong equities traced most Asian markets higher Friday as traders welcomed the Federal Reserve's decision to keep interest rates at record lows, while Shanghai ended another volatile week on a positive note.
In Hong Kong the Hang Seng Index added 0.30 per cent, or 66.20 points, to close at 21,920.83.
Shanghai's benchmark composite index added 0.38 per cent, or 11.86 points, to 3,097.92. However, it lost 3.20 per cent over another volatile week.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.25 per cent, or 20.68 points, to 1,679.10 on turnover of 254.2 billion yuan. It fell 5.74 per cent for the week.