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Business / Stock Market

Hong Kong shares end 1.96% higher

Published: 15 May 2015 - 01:15 pm | Last Updated: 14 Jan 2022 - 02:10 am


Hong Kong - Hong Kong stocks rallied almost two percent on Friday following a record close on Wall Street and on speculation authorities will soon announce a tie-up between the city's index and Shenzhen's.

The benchmark Hang Seng Index rose 1.96 percent, or 535.73 points, to 27,822.28 on turnover of HK$137.82 billion (US$17.78 billion).

But in mainland China the benchmark Shanghai Composite Index fell 1.59 percent, or 69.62 points, to 4,308.69 on turnover of 666.0 billion yuan ($109.0 billion). 

The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.47 percent, or 11.44 points, to 2,442.76 on turnover of 640.3 billion yuan. 

AFP