Hong Kong shares close up 0.1pc in anaemic turnover
Hong Kong shares struggled on Friday, closing out a week almost flat with weekly turnover the second weakest this year as investors rotated into some battered materials firms and out of the Chinese banking and property sectors.
The Hang Seng Index ended up 0.1 per cent at 21,362.4 points. The China Enterprises Index of the leading Chinese listings in Hong Kong slipped 0.5 per cent. This week, they finished up 0.4 per cent and 0.2 per cent, respectively.
Bourse turnover was around US$6.2 billion (HK$48.1 billion), almost 30 per cent below the 20-day moving average. Its weekly total was the lowest in five months.