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Hong Kong: Shares end 1.09% higher

Thursday, December 18, 2014 - 16:16

[HONG KONG] Hong Kong stocks rose 1.09 per cent Thursday, boosted by bargain-buying and a rally on Wall Street after the US Federal Reserve indicated interest rates would likely not be hiked until mid-2015.

The benchmark Hang Seng Index added 246.37 points to 22,832.21 on turnover of HK$99.64 billion (US$12.85 billion).

But in mainland China the benchmark Shanghai Composite Index edged down 0.11 per cent, or 3.50 points, at 3,057.52 following a four-day rally that saw it hit a four-year high. Turnover was 466.5 billion yuan (US$76.2 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.58 per cent, or 8.68 points, to 1,484.26 on turnover of 254.4 billion yuan.

AFP