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Hong Kong, Shanghai: Stocks open higher ahead of Yellen speech

Friday, August 26, 2016 - 09:58

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[HONG KONG] Hong Kong shares rose in the first few minutes of trade Friday, putting them on course to end a tepid week on a positive note, with traders focusing on a speech later in the day by Federal Reserve boss Janet Yellen.

The Hang Seng Index added 0.52 per cent, or 118.96 points, to 22,933.91.

And the benchmark Shanghai Composite Index was marginally higher, adding 1.52 points to 3,069.85, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.20 per cent, or 3.94 points, to 2,022.96.


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