Hong Kong stocks resumed their upward trajectory on Friday

The benchmark Shanghai Composite Index lost 0.34 percent, or 11.54 points, to 3,340.38 and the Shenzhen Composite Index.

Hong Kong stocks resumed their upward trajectory on Friday following a one percent drop, but Shanghai extended losses after the previous day’s sudden sell-off. The Hang Seng Index rose 0.50 percent, or 148.94 points, to 29,856.88.

The benchmark Shanghai Composite Index lost 0.34 percent, or 11.54 points, to 3,340.38 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, gave up 0.38 percent, or 7.33 points, to 1,917.12, reports BSS.

Hong Kong stocks edged up slightly in the first few minutes of trade on Thursday, extending a winning streak into a sixth day, after breaking the 30,000 mark for the first time in a decade.

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