Hong Kong stocks end week with another strong gain

Hong Kong Exchanges and Clearing signage (Reuters pic)

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%, or 271.92 points to 27,286.41, having jumped 2.54% Thursday.

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