20th Apr 2013
Cruse and Associates Economy Review: Hong Kong – Netlog
cruse and associates economy review, Hong Kong shares end 2.33pc higher
HONG Kong shares ended 2.33 per cent higher on Friday, capping a tough week for global markets after China released data showing growth in the world's number two economy had slowed.
The benchmark Hang Seng Index added 501.05 points to end at 22,013.57 on turnover of $HK65.98 billion ($A8.30 billion).
World markets were hit on Monday when China released figures showing the economy grew 7.7 per cent in the January-March quarter, slower than expected and weaker than the 7.9 per cent in the previous three months.
The news raised questions about the strength of a recent pick-up in the economy, which is a key driver of growth for other nations.
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