The Business Times

Hong Kong: Shares end the week higher

Published Fri, Aug 12, 2022 · 04:30 PM

HONG KONG stocks ended the week on a positive note on Friday(Aug 12), extending the previous day’s rally as traders grow hopeful a drop in inflation could allow the Federal Reserve to ease back on its interest rate hikes.

The Hang Seng Index added 0.46 per cent, or 93.19 points, to close at 20,175.62.

The Shanghai Composite Index edged down 0.15 per cent, or 4.78 points, to 3,276.89, while the Shenzhen Composite Index on China’s second exchange eased 0.45 per cent, or 9.92 points, to 2,207.06. AFP

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