Hong Kong Shares End Higher On Weak US Data
HONG KONG, (APP - UrduPoint / Pakistan Point News - 1st August, 2016) - Hong Kong stocks rallied Monday as a soft US growth reading reduced the chances the Federal Reserve will raise interest rates this year. But Shanghai tumbled on data showing Chinese factory activity contracted in July.
The Hang Seng Index added 1.09 percent, or 237.77 points, to end at 22,129.14. The benchmark Shanghai Composite Index fell 0.87 percent, or 25.95 points, to 2,953.39.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.49 percent, or 28.91 points, to 1,912.65.
Recent Stories
CEJ, UNFPA holds National Media Fellowship
2 hours ago
PSL 9: Franchises announce player retentions
2 hours ago
PML-N always worked for country’s development, public welfare: Ranjha
2 hours ago
Venezuela-Guyana tensions soar, US mounts military exercises
2 hours ago
Islamabad Conclave concludes with key takeaways for Pakistan amid changing globa ..
2 hours ago
Heavier rains in East Africa due to human activity: study
2 hours ago
Under-pressure UK PM insists Rwanda migrant plan 'will work'
2 hours ago
Water level in Mangla dam at continual decline as seasonal discharge of water un ..
2 hours ago
UN aid chief sees 'promising signs' of Gaza access via Israel crossing
2 hours ago
AJK PM expresses concern over increased HR abuses in IIOJK
2 hours ago
How climate change threatens global agriculture
2 hours ago
SLA to host two day 'Children's Shah Latif Fair'
2 hours ago
More Stories From World
-
Venezuela-Guyana tensions soar, US mounts military exercises
2 hours ago -
Heavier rains in East Africa due to human activity: study
2 hours ago -
Under-pressure UK PM insists Rwanda migrant plan 'will work'
2 hours ago -
UN aid chief sees 'promising signs' of Gaza access via Israel crossing
2 hours ago -
How climate change threatens global agriculture
2 hours ago -
Russia sets presidential election for March 17
2 hours ago
-
Greece, Turkey vow to work on improving relations
2 hours ago -
Magnitude 7.1 quake hits off Vanuatu, tsunami warning lifted
2 hours ago -
British poet and 'Peaky Blinders' actor Benjamin Zephaniah dies
2 hours ago -
Russian girl, 14, shoots and kills classmate, commits suicide
2 hours ago -
Denmark's parliament adopts law banning Quran burnings
2 hours ago -
GACA president inaugurates ‘Regional Safety Oversight Organization’
4 hours ago
