Hong Kong stocks rally on bargain hunting

Hong Kong stocks started slightly higher on bargain-buying on Friday morning, tracking a rebound on Wall Street following the previous day’s sharp declines fuelled by inflation fears.

The Hang Seng Index rose 0.56 percent, or 154.02 points, to 27,872.69.

The benchmark Shanghai Composite Index gained 0.19 percent, or 6.56 points, to 3,436.09, while the Shenzhen Composite Index on China’s second exchange edged up 7.12 percent, or 7.12 points, to 2,260.42. (AFP)