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Hong Kong, Shanghai stocks end higher
Imad Uddin
16 Jul, 2015
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Copyright AFP (Agence France-Presse), 2015
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![](https://i.brecorder.com/images/2015/07/asian-market4030.jpg">HONG KONG: Hong Kong equities ended a volatile day 0.43 percent higher Thursday, tracking movements in Shanghai, where several more firms were taken out of suspension after being halted to prevent a market meltdown last week.</P><P>The benchmark Hang Seng Index added 107.02 points to 25,162.78 on turnover of HK$91.59 billion (US$11.82 billion). Shanghai closed 0.46 percent higher.</P><P>The gains pared some of the losses suffered in the previous two days after a three-day rally that came in response to Beijing's measures aimed at preventing a crash in Shanghai.</P><P>Despite news that China's economy grew more than expected in April-June, investors remain on edge after a month-long sell-off that saw shares plunge more than 30 percent and billions wiped off valuations. Shanghai had risen more than 150 percent in the year its June 12 peak in a borrowing-fuelled buying frenzy.</P><P>Last week, the government announced measures to curb a month-long market rout, including a police crackdown on short-selling and a ban on big shareholders and company executives from selling stock for six months.</P><P>Half the firms traded were also suspended but by Thursday that was down to less than a quarter.</P><P>)
