Hong Kong Stocks End Sharply Higher

Hong Kong stocks end sharply higher

HONG KONG,(Pakistan Point News - APP - 5th Augst,2016) - Hong Kong shares ended the week on a high Friday as traders welcomed a Bank of England interest rate cut and surprise stimulus, while they await the release of US jobs data later in the day. The Hang Seng Index rose 1.44 percent, or 313.86 points, to end the day on 22,146.09. But the benchmark Shanghai Composite Index fell 0.19 percent, or 5.73 points, to 2,976.70 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.37 percent, or 7.30 points, to 1,941.61.