Hong Kong: Shares edge up on Shanghai-connector expectations
[SHANGHAI] Hong Kong shares, swinging between gains and losses, finished up on Friday as expectations on Monday's launch of the Shanghai-Hong Kong stock connector outweighed losses for oil shares as US crude futures dropped.
The Hang Seng index unofficially closed up 0.3 per cent, to 24,087.38 points, while the Hong Kong China Enterprises Index fell 0.4 per cent, to 10,761.51 points.
For the week, the Hang Seng rose 2.3 per cent and the HSCE advanced 2.1 per cent.
Among the most actively traded stocks in Hong Kong on Friday was top winner Mengniu Dairy. Top losers were oil companies including Kunlun Energy, Sinopec, and PetroChina.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data