BCN-34 Hong Kong stocks shrug off global downturn to gain ground

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ZCZC

BCN-34

STOCKS-MARKETS-HONGKONG-CHINA-CLOSE

Hong Kong stocks shrug off global downturn to gain ground

HONG KONG, Dec 21, 2018 (BSS/AFP) – Hong Kong recovered from earlier
losses to finish higher Friday, but Shanghai again lost ground as both US-
China tensions and political turbulence in Washington intensified.

The Hang Seng Index gained 0.51 percent, or 129.89 points, to close at
25,753.42.

The benchmark Shanghai Composite Index ended 0.79 percent lower, or 20.02
points, to 2,516.25, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, lost 0.96 percent, or 12.44 points, to 1,284.66.

BSS/AFP/HR/1450