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Hong Kong stocks resume gains at open

WT24 Desk

Hong Kong stocks resumed their upward trajectory on Friday following a one percent drop, but Shanghai extended losses after the previous day’s sudden sell-off, Agencies report.

The Hang Seng Index rose 0.50 percent, or 148.94 points, to 29,856.88.

The benchmark Shanghai Composite Index lost 0.34 percent, or 11.54 points, to 3,340.38 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, gave up 0.38 percent, or 7.33 points, to 1,917.12.

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