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Friday, July 15, 2016, 16:36

HK shares rise, have best week in 15 months

By Reuters

Hong Kong shares rose on Friday, helped by dovish signals from Federal Reserve and steady the Chinese mainland growth data, making this week their best one in 15 months.

The Hang Seng index rose 0.5 percent, to 21,659.25, while the China Enterprises Index gained 0.4 percent, to 9,049.66 points.

For the week the Hang Seng was up 5.3 percent, its best weekly performance since April 2015, as Hong Kong equities joined in a global rally driven by positive data from major economies and hopes for an interest rate cut from the Bank of England.

The HSCE was up 6.0 percent for the week.

Total trading volume of companies included in the HSI index was 1.8 billion shares.

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