Money - International
Hong Kong stocks close higher
Floor traders work during afternoon trading at the Hong Kong Stock Exchange in a picture released August 5, 2014. Hong Kong is rushing to launch an initiative to allow global investors trade Chinese stocks from the city for the first time. u00e2u20acu201d Reuters pic

HONG KONG, Oct 31 — Hong Kong stocks ended with healthy gains today after the Federal Reserve cut interest rates for a third time this year, as investors await the release of the city’s key economic growth data.

The Hang Seng Index added 0.90 per cent, or 239.01 points, to 26,906.72.

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But the benchmark Shanghai Composite Index slipped 0.35 per cent, or 10.26 points, to 2,929.06, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.76 per cent, or 12.43 points, to 1,616.19. — AFP

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