Hong Kong: Shares end 1.25% higher

[HONG KONG] Hong Kong stocks climbed 1.25 per cent Friday, ending the week with a flourish after another strong rally on Wall Street, while Shanghai ended at a new four-year high.

The benchmark Hang Seng Index added 284.42 points to 23,116.63 on turnover of HK$95.71 billion (US$12.35 billion).

In mainland China the benchmark Shanghai Composite Index jumped 1.67 per cent, or 51.08 points, to 3,108.60 - its highest since November 2010 - on turnover of 515.6 billion yuan (US$84.2 billion). The index rose 5.80 per cent over the week.

But the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 1.26 per cent, or 18.67 points, to 1,465.59 on turnover of 269.7 billion yuan. It slipped 0.96 per cent for the week.

AFP