HONG KONG, (APP/AFP): Chinese stocks rose on Friday, with
Shanghai clawing back heavy losses from the previous day as the head of the central bank sought to shore up confidence in the world’s number two economy.
The benchmark Shanghai Composite Index gained 0.69 percent, or 18.81
points, to 2,760.06. On Thursday, it closed down more than six percent.
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, added 0.68 percent, or 11.84 points, to 1,750.51.
In Hong Kong, the Hang Seng Index rose 1.87 percent, or 353.73 points, to 19,242.48 in opening deals.