Business News

HONG KONG, (MILLAT+APP/AFP) – Hong Kong and Shanghai
stocks rose Thursday, led by energy firms as OPEC’s deal to cut oil output sent the price of the commodity soaring, while dealers also welcomed data pointing to a surge in Chinese factory activity.
The Hang Seng Index rose 0.39 percent, or 88.46 points, to close at
22,878.23.
The benchmark Shanghai Composite Index increased 0.72 percent, or
23.28 points, to 3,273.31 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 0.61 percent, or 12.78 points, to 2,119.69.