Hong Kong stocks close higher

Business & Finance
31 Oct 2019 • 4:20 PM MYT
Malay Mail
Malay Mail

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Floor traders work during afternoon trading at the Hong Kong Stock Exchange August 5, 2014. The Hang Seng Index added 0.90 per cent, or 239.01 points, to 26,906.72. — Reuters pic

HONG KONG, Oct 31 — Hong Kong stocks ended with healthy gains today after the Federal Reserve cut interest rates for a third time this year, as investors await the release of the city’s key economic growth data.

The Hang Seng Index added 0.90 per cent, or 239.01 points, to 26,906.72.

But the benchmark Shanghai Composite Index slipped 0.35 per cent, or 10.26 points, to 2,929.06, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.76 per cent, or 12.43 points, to 1,616.19. — AFP