Hong Kong, Shanghai stocks end week with gains

Written by M.R. Faith on

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A pedestrian walks past a stocks display board after the Hang Seng Index closed at 29468.15, a loss of 2.78 percent, in Hong Kong on June 19, 2018. Hong Kong and Shanghai stocks led a sell-off across Asian and European markets June 19 on rising fears of a trade war after Donald Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. / AFP PHOTO / Anthony WALLACE

HONG KONG, China (AFP) — Hong Kong stocks finished a painful week on a positive note Friday but investors remain on edge about a possible trade war between China and the United States.

The Hang Seng Index rose 0.15 percent, or 42.65 points, to close at 29,338.70, sinking 3.18 percent over the week.

The benchmark Shanghai Composite Index gained 0.49 percent, or 13.95 points, to 2,889.76 but it lost 4.37 percent over the week.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 1.21 percent, or 19.06 points, to 1,597.39, shedding 5.57 percent since last Friday’s close.

© Agence France-Presse