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Hong Kong: Stocks bounce after open

Thursday, January 21, 2016 - 09:59

[HONG KONG] Stocks enjoyed a slight recovery in Hong Kong soon after opening Thursday following the previous day's sharp losses but investors remained on edge over slumping oil prices and China's slowing economic growth.

The Hang Seng Index kicked off 1.02 per cent, or 192.83 points, higher at 19,079.13.

But in Shanghai, the benchmark composite index slid 1.42 per cent, or 42.30 points, to 2,934.39, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.64 per cent, or 30.73 points, to 1,845.58.

AFP