AFP, Hong Kong :
Shanghai stocks ended higher Friday thanks to late buying as traders weighed a surprise jump in Chinese factory activity with news Standard & Poor’s had lowered its forecast for the country’s credit rating.
The benchmark Shanghai Composite Index edged up 0.19 percent, or 5.61 points, to 3,009.53 but the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.56 percent, or 10.69 points, to 1,901.52.
Hong Kong closed down 1.34 percent, or 277.78 points, at 20,498.92, in line with a sharp sell-off across global markets after a recent rally.
Shanghai stocks ended higher Friday thanks to late buying as traders weighed a surprise jump in Chinese factory activity with news Standard & Poor’s had lowered its forecast for the country’s credit rating.
The benchmark Shanghai Composite Index edged up 0.19 percent, or 5.61 points, to 3,009.53 but the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.56 percent, or 10.69 points, to 1,901.52.
Hong Kong closed down 1.34 percent, or 277.78 points, at 20,498.92, in line with a sharp sell-off across global markets after a recent rally.
