Markets

Hong Kong stocks end week with fresh loss

Published December 16, 2016 Updated December 16, 2016 09:37am

HONG KONG: Hong Kong stocks ended a tough week with another loss Friday as investors fret over the prospect of another three US interest rate hikes following the Federal Reserve's move this week.

The Hang Seng Index fell 0.18 percent, or 38.65 points, to 22,020.75 at the close. It sank more than three percent this week.

The benchmark Shanghai Composite Index climbed 0.17 percent, or 5.30 points, to 3,122.98, although it lost 3.40 percent for the week.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.95 percent, or 18.73 points, to 1,991.64 but ended the week 3.79 percent lower.

Copyright AFP (Agence France-Press), 2016