Hong Hong stocks ended flat on Friday, as expectations of more stimulus from Beijing offset worries over a China economic slowdown as trade frictions with the United States intensify. The Hang Seng index rose +0.1 percent, to 28,804.28, while the China Enterprises Index gained 0.2 percent, to 11,047.42 points.
The sub-index of the Hang Seng tracking energy shares rose 1 percent while the IT sector rose 0.15 percent, the financial sector was 0.05 percent higher and property sector rose 0.45 percent. As of the previous trading session, the Hang Seng index was down 3.8 percent this year, while China's H-share index was down 5.9 percent. As of the previous close, the Hang Seng has declined 0.6 percent this month.
About 1.24 billion Hang Seng index shares were traded, roughly 61.9 percent of the market's 30-day moving average of 2.01 billion shares a day. The volume traded in the previous trading session was 1.46 billion.
Comments
Comments are closed.