ZCZC
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STOCKS-MARKETS-HONGKONG-OPEN
Hong Kong stocks edge up at open
HONG KONG, Oct 8, 2018 (BSS/AFP) – Hong Kong stocks opened with gains on
Monday morning after China’s central bank cut the amount of cash lenders must
keep in reserve in a bid to support the stuttering economy.
The Hang Seng Index added 0.55 percent, or 145.03 points, to 26,717.60.
However, mainland markets sank as traders returned from a week-long
holiday that saw a sharp sell-off in global equities.
The benchmark Shanghai Composite Index fell 1.88 percent, or 53.14 points,
to 2,768.21, while the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, tumbled 2.10 percent, or 30.31 points, to 1,411.23.
BSS/AFP/HR/0910