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Hong Kong: Shares end 0.11% down, Shanghai sinks further

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[HONG KONG] Hong Kong shares ended 0.11 per cent lower on Friday while Shanghai also finished a volatile session slightly down, following a painful sell-off in the previous session.

The benchmark Hang Seng Index lost 30.12 points to close at 27,424.19 on turnover of HK$204.77 billion (S$35.61 billion).

In mainland China the benchmark Shanghai Composite Index, which plunged 6.50 per cent Thursday, ended 0.18 per cent, or 8.53 points, lower at 4,611.74 on turnover of 955.4 billion yuan (S$207.7 billion). In a day of rollercoaster trading, the index swung from a 4.08 per cent loss and a 1.69 per cent gain.

But the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.32 per cent, or 36.32 points, to 2,793.25 on turnover of 900.7 billion yuan.

AFP

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