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Hong Kong: Shares close 0.18% higher

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[HONG KONG] Hong Kong stocks ended 0.18 per cent higher on Tuesday after China's central bank eased mortgage rules to boost the mainland property market, but Shanghai retreated on profit-taking after a recent surge sent it to a seven-year high.

Hong Kong's benchmark Hang Seng Index added 45.77 points, to 24,900.89 on turnover of HK$148.88 billion.

In mainland China the benchmark Shanghai Composite Index lost 1.02 per cent, or 38.67 points, to 3,747.90 on turnover of 721.3 billion yuan.

The index has surged more than 13 per cent in the past three weeks.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.53 per cent, or 10.34 points, to 1,958.40 on turnover of 553.7 billion yuan.

AFP