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Hong Kong: Shares end volatile week with a solid gain
[HONG KONG] Hong Kong shares rose on Friday, capping a volatile week with a solid rise as investors prepared for a US interest rake hike likely next month.
Investors, still concerned about China's economy, are also waiting for fresh directional cues as a two-month-long, rebound in mainland shares of about 10 per cent appears to be losing steam.
Most sectors rose on Friday, with information technology and energy shares leading the gain.
The Hang Seng index rose 1.1 per cent to 22,754.72, up 1.6 per cent for the week, while the China Enterprises Index gained 1.1 per cent, to 10,302.00 points.
Total trading volume of companies included in the HSI index was 1.3 billion shares.