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Hong Kong: Shares end up but Shanghai tumbles

Wednesday, July 27, 2016 - 16:42

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Hong Kong stocks ended higher Wednesday ahead of a key Federal Reserve decision, but Shanghai was hit by a report that authorities plan to clamp down on China's massive wealth-management products market.

[HONG KONG] Hong Kong stocks ended higher Wednesday ahead of a key Federal Reserve decision, but Shanghai was hit by a report that authorities plan to clamp down on China's massive wealth-management products market.

The Hang Seng Index added 0.40 per cent, or 89.26 points, to end at 22,218.99.

The benchmark Shanghai Composite Index slumped 1.91 per cent, or 58.17 points, to 2,992.00. The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 4.45 per cent, or 90.97 points, to 1,953.99.

AFP

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