Hong Kong, China: HK shares up after US rally but Shanghai slips

[HONG KONG] Hong Kong stocks climbed 1.29 per cent at the open Wednesday, tracking a Wall Street rally ahead of a crucial US interest rate decision later in the week, but Shanghai retreated on lingering concerns about China's economy.

The benchmark Hang Seng Index in Hong Kong rose 276.11 points to 21,731.34.

But the benchmark Shanghai Composite Index slipped 0.24 per cent, or 7.13 points, to 2,998.04.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.31 per cent, or 4.85 points, to 1,585.11.

AFP