Update | Hong Kong and China shares finish touch easier; China Vanke jumps on home price data
Shanghai benchmark rings up 4.2 per cent gain on the week, Hang Seng Index up 1.35 per cent for the week
Hong Kong and China shares ended on Friday with slight losses after a early morning jump as the market was pulled between soaring banking stocks and a weaker US dollar.
It came after a positive week for markets in China, as optimistic macroeconomic news and the US interest rate rise saw gains across the board for Hong Kong and the mainland.
The Hang Seng Index fell slightly by the close of trading on Friday, finishing down 0.53 per cent to 21,755.56, although it had gained 1.35 per cent on the week. The H-Share index also ended down 0.33 per cent to 9,634.41.
In China, the Shanghai composite index closed Friday a miniscule 0.03 per cent off to 3,578.96. On the week though, Shanghai had risen 144.38 points or by 4.2 per cent.
The CSI300 was up slightly by 0.32 per cent to 3,767.91 while the Chinext index was down 0.19 per cent at 2,830.25.
The Shenzhen’s Composite Index slipped 0.28 per cent to close the day at 2,335.60.
