Hong Kong Stocks End Up For Fifth Day

Mohammad Ali (@ChaudhryMAli88) Published May 25, 2017 | 02:00 PM

Hong Kong stocks end up for fifth day

HONG KONG, , (UrduPoint / Pakistan Point News - 25th May, 2017 ) - Hong Kong stocks climbed for a fifth successive day Thursday, tracking a Wall Street record on expectations the Federal Reserve will lift interest rates next month, while dealers brushed off a ratings downgrade for the city by Moody's.

The Hang Seng Index added 0.80 percent, or 202.28 points, to 25,630.78. The benchmark Shanghai Composite Index jumped 1.43 percent, or 43.75 points, to 3,107.83, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.72 percent, or 13.03 points, to 1,811.90.

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