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Hong Kong: Stocks end 1.02% lower


[HONG KONG] Hong Kong fell 1.02 per cent Friday, in line with a regional sell-off that came as investors were spooked by the Swiss central bank's surprise decision to remove its cap against the euro.

The benchmark Hang Seng Index shed 247.39 points to end at 24,103.52 on turnover of HK$94.92 billion (US$12.25 billion).

But in mainland China the benchmark Shanghai Composite Index rose 1.20 percent, or 40.04 points, to 3,376.50 on turnover of 392.3 billion yuan (US$63.2 billion). The index gained 2.77 per cent for the week.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 1.29 per cent, or 18.78 points, to 1,478.47 on turnover of 219.9 billion yuan. It advanced 2.47 per cent over the week.