Hong Kong: Stocks close 0.38% down

[HONG KONG] Hong Kong stocks ended 0.38 per cent lower on Thursday, brushing off a positive lead from Wall Street, while Shanghai closed higher at the end of a volatile day of trading.

The benchmark Hang Seng Index slipped 105.58 points to close at 27,551.89 on turnover of HK$195.23 billion (US$25.19 billion).

In mainland the benchmark Shanghai Composite Index added 0.76 percent, or 37.12 points, to 4,947.10 - the highest since Jan 2008 - on turnover of 1.1 trillion yuan (US$179.8 billion). The market reversed earlier losses that saw it plunge as much as 5.35 per cent.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.58 per cent, or 17.71 points, to 3,023.70.

AFP