Hong Kong, Shanghai up on ECB comment, eyes on China meeting

[HONG KONG] Hong Kong and Shanghai shares rallied Friday as comments from the European Central Bank hinting at further stimulus raised hopes for similar measures by China ahead of a top-level Communist Party policy meeting next week.

In Hong Kong, the Hang Seng Index added 1.34 per cent, or 306.57 points, to 23,151.94 - 0.37 per cent higher than a week ago.

The benchmark Shanghai Composite Index rose 1.30 per cent, or 43.69 points, to 3,412.43. It gained 0.62 per cent over the week.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 2.94 per cent, or 57.55 points, to 2016.74. It advanced 2.53 per cent during the week.

AFP