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Hong Kong: Stocks end 1.39% higher


[HONG KONG] Hong Kong stocks jumped 1.39 per cent Friday following a second successive rally on Wall Street and in line with another pick-up in Shanghai as traders bet on further measures to kickstart the Chinese economy.

The benchmark Hang Seng Index added 372.69 points to close at 27,280.54 on turnover of HK$131.53 billion.

In mainland China the benchmark Shanghai Composite Index added 0.87 per cent, or 44.76 points, to 5,166.35 on turnover of 1.1 trillion yuan. The market gained 2.85 per cent over the week.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.28 per cent, or 39.72 points, to 3,140.66 on turnover of 904.8 billion yuan. It advanced 2.91 per cent for the week.


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