BCN-01 Hong Kong stocks open higher

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ZCZC

BCN-01

STOCKS-MARKETS-HONGKONG-CHINA-OPEN

Hong Kong stocks open higher

HONG KONG, Aug 28, 2020 (BSS/AFP) – Hong Kong stocks started Friday with
gains after the head of the Federal Reserve said the US central bank would
maintain low interest rates for as long as was needed to boost the economy.

The Hang Sang Index rose 0.20 percent, or 49.62 points, to 25,330.77.

The benchmark Shanghai Composite Index eased 0.11 percent, or 3.82 points,
to 3,346.29, while the Shenzhen Composite Index on China’s second exchange
dipped 0.21 percent, or 4.77 points, to 2,256.39.

BSS/AFP/GMR/0912 hrs