Hong Kong stocks end week with another strong gain

Hong Kong stocks end week with another strong gain

Hong Kong: Hong Kong stocks rallied again Friday on hopes for fresh China-US trade talks and as investors cheered a soft US inflation report that eases pressure on the Federal Reserve to hike interest rates.

The Hang Seng Index rose 1.01 percent, or 271.92 points to 27,286.41, having jumped 2.54 percent Thursday.

But the benchmark Shanghai Composite Index edged down 0.18 percent, or 4.94 points, to 2,681.64 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.78 percent, or 11.06 points, to 1,402.51.