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Hong Kong stocks Dip down by 0.16 percent

hongkong stocks

For a fourth-straight session Friday, Hong Kong stocks went down 0.16 percent as traders were not able to shrug off worried over the global economy.

Hang Seng Index, Hong Kong’s benchmark has dropped 34.14 points to 21,071.57. Turnover was 57.69 billion Hong Kong dollars (7.40 billion US).

As for Chinese shares, it closed up 1.21 percent in the middle of growing signs that the world’s third-largest economy is crawling, making further tightening policies unlikely, dealers said.

The Shanghai Composite Index, which covers both A and B shares, was up 31.23 points at 2,606.70 on turnover of 91.3 billion yuan (13.5 billion dollars).