Hong Kong shares close 0.18% higher

Hong Kong shares close 0.18% higher
Updated on

Summary Hong Kong's benchmark Hang Seng Index added 45.77 points, to 24,900.89 on turnover

HONG KONG (AFP) - Hong Kong stocks ended 0.18 percent higher Tuesday after China s central bank eased mortgage rules to boost the mainland property market, but Shanghai retreated on profit-taking after a recent surge sent it to a seven-year high.

Hong Kong s benchmark Hang Seng Index added 45.77 points, to 24,900.89 on turnover of HK$148.88 billion ($19.21 billion).

In mainland China the benchmark Shanghai Composite Index lost 1.02 percent, or 38.67 points, to 3,747.90 on turnover of 721.3 billion yuan ($117.4 billion). The index has surged more than 13 percent in the past three weeks.

The Shenzhen Composite Index, which tracks stocks on China s second exchange, rose 0.53 percent, or 10.34 points, to 1,958.40 on turnover of 553.7 billion yuan.

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