Hong Kong Stocks Open Higher After BoE Move

Hong Kong stocks open higher after BoE move

HONG KONG,(Pakistan Point News - APP - 5th Augst,2016) - Shares rose in the first few minutes of trade Friday as traders welcomed a Bank of England interest rate cut and stimulus package, while they await the release of US jobs data later in the day. The Hang Seng Index added 0.59 percent, or 128.82 points, to 21,961.05. But the benchmark Shanghai Composite Index slipped 0.12 percent, or 3.65 points, to 2,978.78, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.29 of a point to 1,948.62.