Hong Kong: Stocks begin with gains

HONG KONG stocks opened slightly higher on Friday (Oct 21) morning following two days of heavy losses, though traders remain on edge over the economic outlook as central banks hike interest rates to fight runaway inflation.

The Hang Seng Index added 0.31 per cent, or 50.89 points, to 16,331.11.

The Shanghai Composite Index edged up 0.10 per cent, or 2.99 points, to 3,038.04, while the Shenzhen Composite Index on China’s second exchange dipped 0.05 per cent, or 0.96 points, to 1,970.71. AFP