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  HOME | Business & Economy (Click here for more)

Hong Kong Stocks End in the Green Ahead of Fresh US-China Trade Talks

BEIJING – The Hong Kong stock exchange ended in the green on Friday, buoyed by positive data on the Chinese economy and the next round of negotiations between China and the United States to seek a way out of their trade war.

The benchmark Hang Seng index rose 1.01 percent, or 271.92 points to 27,286.41 units while the Hang Seng China Enterprises index, which tracks Chinese companies registered in Hong Kong, also ended the week in the green with a rise of 0.69 percent to stand at 10,575.17 units.

Investors are awaiting the next round of trade talks, which China and the US have agreed to, amid heightened tensions owing to the possible approval by Washington of a new wave of tariffs worth $200 billion on Chinese imports.

The day was also marked by the release of positive economic indicators of the Chinese economy.

China’s industrial production expanded 6.1 percent year-on-year in August, 0.1 percent more than the figures registered in July, while retail sales of consumer goods increased 9 percent year-on-year, 0.2 percent higher than the 8.8 percent growth registered in July.

 

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