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Hong Kong: Shares end 0.22% higher


[HONG KONG] Hong Kong shares edged up 0.22 per cent on Wednesday, reversing morning losses as investors brushed off a heavy sell-off on Wall Street that was fuelled by weak US data and disappointing corporate reports.

The benchmark Hang Seng Index gained 54.53 points to 24,861.81 on turnover of HK$80.37 billion (US$10.37 billion).

But in mainland China the benchmark Shanghai Composite Index fell 1.41 per cent, or 47.22 points, to 3,305.74 on turnover of 341.6 billion yuan (US$55.7 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.71 per cent, or 11.07 points, to 1,538.86 on turnover of 252.3 billion yuan.