Hong Kong: Stocks end 0.53% higher

[HONG KONG] Hong Kong's stock market rose 0.53 per cent Wednesday, boosted by a rally in Hutchison Whampoa after it said it would buy British telecom giant O2 for US$15.2 billion, but Shanghai sank after a 10-day winning streak.

The benchmark Hang Seng Index added 128.63 points to 24,528.23 on turnover of HK$83.59 billion (US$10.79 billion).

In mainland China, the benchmark Shanghai Composite Index fell 0.83 per cent, or 30.68 points, to 3,660.73 on turnover of 645.5 billion yuan (US$105.1 billion).

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.08 per cent, or 20.84 points, to 1,943.69 on turnover of 591.7 billion yuan.

AFPS