Hong Kong stocks headed into the weekend on a positive note

Hong Kong stocks headed into the weekend on a positive note Friday, climbing for a second day on renewed hopes US lawmakers can push through market-friendly tax cuts. The Hang Seng Index rose 0.67 percent, or 195.60 points, to 29,214.36.

But the benchmark Shanghai Composite Index slipped 0.19 percent, or 6.57 points, to 3,392.68 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, eased 0.16 percent, or 3.25 points, to 2,006.88, reports BSS.

The Stock Exchange of Hong Kong Limited (SEHK) is a stock exchange located in Hong Kong. It is East Asia’s and Asia’s third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and Shanghai Stock Exchange, and the sixth largest in the world before Euronext.

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