Hong Kong stocks post worst week since March

27 Apr, 2019

Hong Kong stocks inched higher on Friday, but posted their biggest weekly drop in eight weeks, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while the Sino-US trade conflict also weighed on sentiment. The Hang Seng index rose 0.2 percent, to 29,605.01 points, while the China Enterprises index gained 0.1 percent, to 11,510.87.
For the week, HSI dropped 1.2 percent, while HSCE retreated 2.2 percent, both posting their biggest weekly loss since early March.

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