Hong Kong: Shares end the week higher

[HONG KONG] Hong Kong stocks were higher in Friday morning trade despite pressure on Wall Street equities after reports the Biden administration was weighing a tax increase on high earners.

The Hang Seng Index ended the day up 1.12 per cent, or 323.41 points, at 29,078.75, marking a 0.9 per cent rise for the week.

The benchmark Shanghai Composite Index rose 0.26 per cent, or 9.05 points, to 3,474.17, ending the week 2.21 percent higher.

The Shenzhen Composite Index on China's second exchange finished up 0.45 per cent, or 10.37 points, to 2,298.55.

AFP