Business News

Shanghai stocks down by break, Hong Kong rallies

HONG KONG, (APP/AFP): Stocks in Shanghai ended the morning
more than one percent lower as traders brushed off strong China inflation data, but Hong Kong climbed in line with a regional rally ahead of a key European Central Bank policy meeting.
The benchmark Shanghai Composite Index fell 1.12 percent, or 31.98
points, to 2,830.58 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.75 percent, or 12.83 points, to 1,700.61.
In Hong Kong the Hang Seng Index added 0.78 percent, or 156.11
points, to 20,152.37.